Nestlé Begins Water Unit Sale, Banks Prep Up to €3 Billion Debt

Nestlé SA is forging ahead with the sale of a stake in its €5 billion ($5.8 billion) water business, which includes the well-known brands Perrier and S.Pellegrino, people familiar with...

By Claire Ruckin, Jan-Henrik Foerster, Jennifer Creery · Bloomberg

Nestlé SA is forging ahead with the sale of a stake in its €5 billion ($5.8 billion) water business, which includes the well-known brands Perrier and S.Pellegrino, people familiar with the matter said.