Pins matching tag:Perrier

After six months and 73 hearings, a Senate commission said the French state hid Nestlé Waters' use of banned treatments on Perrier, Vittel, Contrex and Hépar, a fraud France's fraud-control agency puts at over 3 billion euros.

The prefect authorised Nestlé Waters Supply Sud to bottle 'Source Perrier' natural mineral water at Vergèze from only the Romaine VI and VII boreholes, with three others disconnected and 24 months of reinforced health checks.

Nestlé will put S.Pellegrino, Perrier, Acqua Panna, Nestlé Pure Life and its other waters and premium beverages into Peranel, a 50:50 joint venture with Platinum Equity valued at EUR 4.9 billion. Nestlé expects about EUR 3.0 billion in cash at closing, due in the first half of 2027.

Expected completion of the deal that moves S.Pellegrino, Perrier, Acqua Panna and Nestlé's other waters into Peranel, a 50:50 joint venture with Platinum Equity, paying Nestlé about EUR 3.0 billion (CHF 2.8 billion) in cash. Closing still needs employee consultations and regulatory approvals.

The 24-month reinforced health monitoring the Gard prefect imposed on Perrier's Romaine VI and VII boreholes runs out, and Nestlé must then show the spring's original purity and stable mineral content to keep its natural mineral water status.