Nestlé considers selling half of European water unit

Nestlé is approaching the sale of its stake in European water operations to the private equity firm Platinum Equity, in a deal valued at around $5.7 billion (5 billion euros). This move is part of the company's strategy to focus its business on approximately 30 key brands out of a total of 2,000, following the spin-off of its water activities globally at the beginning of the year and the opening of opportunities for partnerships. The sale is considered part of the company's efforts to address operational challenges, particularly amid pressures on the packaged water market, including regulatory disputes and declining demand. Despite these challenges, the revenue for the unit increased by 2.9% in the first quarter of the year. However, this sector accounts for less than 4% of Nestlé's total sales.

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