-- Nestle's sale of a stake in its water business is progressing, the FT reports, citing unnamed sources. Its water business is home to brands including Perrier and San Pellegrino.
-- Investment groups CD&R, KKR and PAI are in the next round of bidding for a 50% stake in the unit, according to the FT. This could value the whole business at around 5 billion euros ($5.76 billion), the FT reported.
-- Another firm, Platinum Equity, has also shown interest in the deal, the FT reported.
-- Nestle, CD&R, KKR and PAI declined to comment to FT. Platinum didn't immediately respond to a request for comment.
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Investor
Investor
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Global
Global
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Quality
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ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
