BREAKING: Nestlé Nigeria to sell waters, premium beverages unit to new entity
Nestlé Nigeria Plc is seeking regulatory and shareholder approval for the proposed transfer of its waters and premium beverages business to Peranel, a 50:50 joint venture between its parent company, Nestlé S.A., and global investment firm Platinum Equity. The post BREAKING: Nestlé Nigeria to sell waters, premium beverages unit to new entity appeared first on Nairametrics .
Nestlé Nigeria Plc is seeking approval from regulators and shareholders to transfer its waters and premium beverages business to a new entity called Peranel. This proposed transfer follows an exclusive agreement between Nestlé S.A. and global investment firm Platinum Equity to establish Peranel as a joint venture for the Nigerian waters and premium beverages business.
The company's board held a meeting on October 28, 2026 to review management's report on developments since the initial announcement. The board decided to seek the necessary approvals for the transaction. Three reports were reviewed, providing an independent evaluation of the proposed transfer. The restructuring does not impact Nestlé S.A.'s ownership interest in Nestlé Nigeria.
The company reported improved financial performance for the nine months ended September 30, 2026, with stronger gross margins and lower net finance costs.
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