Nestlé ‘moves ahead with water stake sale’

Nestlé is reportedly making headway with a process to sell a stake in its water business. People familiar with the issue told Bloomberg yesterday (22 January) the food and drink major was asking potential buyers to put forward first-round bids for the shareholding this month. The San Pellegrino and Acqua Panna water producer declined to comment on the story when approached by Just Drinks. Reports from Bloomberg in March suggested private-equity players including Blackstone, KKR, Bain Capital, Clayton D ...