Market Chatter: Nestlé Reportedly Nears Sale of 50% Stake in European Water Unit

10:40 AM EDT, 07/22/2026 (MT Newswires) -- Nestlé (NESN.SW) is close to finalizing a deal to sell roughly 50% of its European water business to private equity group Platinum Equity, London's Financial Times reported Wednesday, citing people familiar with the matter. The potential transaction would reportedly be structured as a joint venture and value the target business at nearly 5 billion euros. Nestlé had no comment when reached by MT Newswires, while Platinum Equity did not immediately respond to a request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)