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    Nestle spins out water business in joint venture

    2 days ago

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    Nestle has announced a joint venture with Platinum Equity, spinning out its Buxton and Perrier water business for approximately £4.2 billion. The new company, Peranel, will manage over 30 brands, including S.Pellegrino and Nestle Pure Life. Trade unions have raised concerns about potential job losses and changes to workers' rights following the deal, urging vigilance against any negative impacts.
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