Platinum Equity Nears 50% Nestlé Water Stake Deal at Nearly €5 Billion
Updated
Updated · Financial Times · Jul 23
Platinum Equity Nears 50% Nestlé Water Stake Deal at Nearly €5 Billion
3 articles · Updated · Financial Times · Jul 23
Summary
A roughly 50% sale of Nestlé’s European water business to Platinum Equity is close, with the sides racing to finalize terms before Nestlé’s half-year update on Thursday.
The transaction would be structured as a joint venture valuing the Perrier and San Pellegrino unit at almost €5 billion after Platinum emerged as the sole bidder.
That process was difficult because French authorities raided two bottling sites earlier this year and Nestlé’s water business was already hit by a 2024 purity scandal over prohibited treatment methods.
Nestlé began preparing the disposal in 2024, separated the division in 2025, and is now trimming non-core assets under chief executive Philipp Navratil’s broader strategic overhaul.