Nestlé Nigeria Plc is putting its waters and premium beverages business on the table, moving to secure both regulatory and shareholder approvals for a proposed transfer to a joint venture called Peranel.
The source material shared here is incomplete, so the full details of the deal structure, the parties involved beyond Peranel, the timeline, and any financial terms are not available for reporting at this time.
What is clear is that this is a significant structural move for one of Nigeria's most recognized food and beverage companies, and shareholder sign-off will be a key step before anything becomes official.
Watch this space as more details on the Peranel joint venture and the regulatory process come to light.
Originally published by BusinessDay.