Nestlé intends to merge its bottled water business into a joint venture

Nestle’s statement indicates that this business, which includes other well-known brands such as San Pellegrino, will be transferred to Peranel, co-owned by the US investment firm Platinum Equity.

Read more Unemployment benefits are changing: why for some Lithuanians work becomes not a choice, but a dilemma

Peranel owns more than 30 brands in 120 countries.