Nestlé announced plans in late 2024 to separate its water business, which includes well-known brands Perrier and S Pellegrino. A revival of the process follows a leadership crisis at the company that brought the arrival of new chief executive officer Philipp Navratil in September.
(Feb 4): Nestlé SA has added Deutsche Bank AG to advise on a potential 50% stake sale in its water business, which could be valued at around €5 billion in a deal, according to people familiar with the matter.
The German bank will work alongside Rothschild & Co, the people said, asking not to be identified as the details aren’t public. Nestlé sent out marketing information to potential buyers last month and is seeking initial bids by March, the people said.
