The Swiss food giant is setting up a joint venture called Peranel with the US private equity firm Platinum Equity.

-- 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.

La multinationale vaudoise s’allie au fonds américain Platinum Equity pour créer Peranel, une coentreprise qui regroupera ses activités Waters & Premium Beverages. Cette…

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…