Nestle Sells 50% of Waters Unit to Platinum in $3.4B Deal
Nestlé has agreed to sell a 50% stake in its waters business to private-equity firm Platinum Equity in a joint-venture deal valued at $3.4 billion, according to published reports. The transaction will place Nestlé and Platinum Equity as equal partners in the waters unit. The deal price has been reported at about €3 billion, roughly…
