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Nestle Close to Selling Stake In European Water Business, FT Says, Citing Sources

Provided by Dow Jones Jul 22, 2026, 8:10:00 PM

-- Nestle is close to a deal to sell about half of its European water business to private-equity firm Platinum Equity, the FT reports, citing unnamed sources.

-- The deal would be structured as a joint venture and would value the unit behind Perrier water at nearly 5 billion euros ($5.70 billion), the FT reports.

-- Nestle declined to comment to the FT, while Platinum didn't immediately respond to a request for comment.

Write to Mauro Orru at mauro.orru@wsj.com

(END) Dow Jones Newswires

July 22, 2026 11:10 ET (15:10 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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