Nestlé has moved forward in its planned divestment of a stake in its European water division, with several private equity firms, including Dubilier & Rice, KKR and PAI Partners advancing to the next round of the process, according to a report by the Financial Times.
The buyout groups are understood to be among those shortlisted for a potential acquisition of a 50% interest in the business, with the unit potentially being valued at approximately €5bn. Platinum Equity has also expressed intere...
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