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Nestlé SA To Sell Two Brazilian Water Brands To Local Firm

March 28, 2018: 12:00 AM EST
Nestlé SA’s subsidiary in Brazil has agreed to sell its Sao Lourenço and Petropolis water brands and three factories to Grupo Edson Queiroz for an undisclosed sum. The deal must be approved by antitrust agencies. In addition, Grupo Edson Queiroz will have a license to produce Nestle´s water brand Pureza Vital, and distribution contracts for Perrier, S. Pellegrino and Acqua Panna in Brazil. The company owns competitor water brands Indaiá and Minalba.
"Nestle agrees to sell Brazilian water brands to local company", Reuters, March 28, 2018, © Reuters
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