{"id":3546,"date":"2026-10-29T17:00:55","date_gmt":"2026-10-29T17:00:55","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/10\/29\/nestle-nigeria-seeks-shareholder-approval-for-beverages-business-transfer-to-peranel-jv-businessday-ng\/"},"modified":"2026-10-29T17:00:55","modified_gmt":"2026-10-29T17:00:55","slug":"nestle-nigeria-seeks-shareholder-approval-for-beverages-business-transfer-to-peranel-jv-businessday-ng","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/10\/29\/nestle-nigeria-seeks-shareholder-approval-for-beverages-business-transfer-to-peranel-jv-businessday-ng\/","title":{"rendered":"Nestl\u00e9 Nigeria seeks shareholder approval for beverages business transfer to Peranel JV \u2013 Businessday NG"},"content":{"rendered":"

Nestl\u00e9 Nigeria Plc has moved to seek regulatory and shareholder approvals for the proposed transfer of its waters and premium beverages business to a new company that will become part of Peranel, a 50:50 joint venture between its parent company, Nestl\u00e9 S.A., and private equity firm Platinum Equity.\n<\/p>\n

The company disclosed this in a statement signed by Toju Egbebi, Corporate Communications, Public Affairs and Sustainability Lead, Nestl\u00e9 Nigeria, on October 29, 2026, following a board meeting on October 28, where directors reviewed progress on the transaction first announced on July 30, 2026.\n<\/p>\n

Read also:\u00a0Nestl\u00e9 Nigeria Commissions smart boreholes to boost water regeneration project<\/a><\/strong>\n<\/p>\n

Under the proposed arrangement, Nestl\u00e9 Nigeria\u2019s existing waters and premium beverages business will be transferred to a new company for adequate consideration, subject to approvals from the Securities and Exchange Commission, the Federal Competition and Consumer Protection Commission, and shareholders.\n<\/p>\n

The board said it had reviewed two valuation reports on the business, prepared by Niyi Fatokun & Co and KPMG, alongside an independent fairness opinion from Deloitte on the proposed carve-out.<\/p>\n

Following the review, the board agreed to seek the necessary regulatory and shareholder approvals to proceed with the transaction.\n<\/p>\n

Read also:\u00a0Nestl\u00e9 Nigeria commits to recognising exceptional journalism<\/a><\/strong>\n<\/p>\n

The proposed transfer forms part of a broader arrangement between Nestl\u00e9 S.A. and Platinum Equity to establish Peranel, a joint venture that will house Nestl\u00e9\u2019s waters and premium beverages business.\n<\/p>\n

Nestl\u00e9 Nigeria said the transaction would not affect or alter Nestl\u00e9 S.A.\u2019s shareholding in the Nigerian subsidiary.\n<\/p>\n

The company added that it would issue further announcements on the transaction where required.<\/p>\n

\n

Related News<\/h4>\n<\/p><\/div>\n
Advertisement<\/span><\/div>\n
\n\t
\n\t\t\"Add
\n\t<\/a>
\n\t
\n\t\t\"Follow
\n\t<\/a>\n<\/div>\n

Source: <\/p>\n

Businessday NG<\/div>\n","protected":false},"excerpt":{"rendered":"

Nestl\u00e9 Nigeria Plc has moved to seek regulatory and shareholder approvals for the proposed transfer of its waters and premium beverages business to a new company that will become part… <\/p>\n","protected":false},"author":1,"featured_media":3547,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3546","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/3546","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=3546"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/3546\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media\/3547"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=3546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=3546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=3546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}