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Nestl?s Water Business Sale Progresses with USD5.75 Billion Valuation
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According to a report by the Financial Times on Friday, Nestl?s plan to sell shares worth billions of euros in its water business has made progress, with private equity firms CD&R, KKR (KKR.US), and PAI advancing to the next round of bidding. The report, citing people familiar with the matter, stated that the sale of a 50% stake could value the business at approximately EUR5 billion (USD5.75 billion), with Platinum Equity also expressing interest in the deal. The report noted that Nestl?has been working with investment banks to explore the sale of shares in its European water business, which includes brands such as San Pellegrino, Perrier, and Acqua Panna, and has received bids earlier this month. (to/m) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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