Nestle Adds Deutsche Bank for Water Business Stake Sale
Plastic bottles of Perrier mineral water at a Nestle SA plant in Vergeze, France.
Photographer: Balint Porneczi/BloombergNestlé SA has added Deutsche Bank AG to advise on a potential 50% stake sale in its water business, which could be valued at around €5 billion ($5.9 billion) in a deal, according to people familiar with the matter.
The German bank will work alongside Rothschild & Co., the people said, asking not to be identified as the details aren’t public. Nestlé sent out marketing information to potential buyers last month and is seeking initial bids by March, the people said.