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Nestlé Nigeria to sell waters, Milo arm to Peranel

PRIVATENov 01, 2026

Acquiring Company

Peranel

Acquired Company

Nestlé SA

SwitzerlandVaudFood and BeverageFood and BeverageAgriculture and FarmingHospitalityFood ProcessingNutrition

Description

Nestlé Nigeria plans to transfer its waters and premium beverages business to a newly established company, which will become part of the joint venture Peranel. The transfer requires approval from the SEC, FCCPC and shareholders, and the deal value and completion date have not been disclosed. Nestlé S.A.'s shareholding in Nestlé Nigeria will remain unchanged.

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Company Information

Company

Peranel

Location

Switzerland

About

Peranel is a joint venture owned equally by Swiss food giant Nestlé S.A. and global investment firm Platinum Equity. The new company will take over Nestlé Nigeria's waters and premium beverages business. The deal is still subject to SEC, FCCPC and shareholder approvals.

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Frequently asked

Who acquired Nestlé SA?

Nestlé SA was acquired by Peranel, based in Switzerland. The deal was reported on November 1, 2026. Peranel is a joint venture owned equally by Swiss food giant Nestlé S.A. and global investment firm Platinum Equity. The new company will take over Nestlé Nigeria's waters and premium beverages business. Peranel is privately held and operates in Food and Beverage.

When did Peranel acquire Nestlé SA?

Peranel's acquisition of Nestlé SA was reported on November 1, 2026. Nestlé Nigeria plans to transfer its waters and premium beverages business to a newly established company, which will become part of the joint venture Peranel. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Nestlé SA do?

Nestlé SA is a Swiss multinational food and beverage company. It is the largest food company in the world, measured by revenue. The company offers a wide range of products including baby food, coffee, dairy products, and more. It is privately held, operating in Food and Beverage, and is based in Vaud.

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