PLATINUM EQUITY AND NESTLÉ TO CREATE PERANEL, A $5.6 BILLION LEADER IN WATER AND PREMIUM BEVERAGES

Nestlé to pocket $3.43 billion as water business gets new owner

Nestlé will receive approximately three billion euros from its global water business joint venture. This new company, named Peranel, will house premium water brands and the Nestlé Pure Life business. The transaction…