Nestle nears sale of water business stake at close to €5 billion valuation, FT reports

SHARE NOW

(Corrects typographical error in headline)

July 22 (Reuters) – Private equity firm Platinum Equity is nearing a deal to acquire about a 50% stake in Nestle’s European water business in a transaction that would value the joint venture at almost €5 billion ($5.71 billion), the Financial Times reported on Wednesday.

Reuters could not immediately verify the report.

($1 = 0.8760 euros)

(Reporting by Anna Peverieri in BarcelonaEditing by David Goodman)

Brought to you by www.srnnews.com