Nestlé Nigeria Plc is looking for regulatory and shareholder approval for the proposed switch of its waters and premium beverages enterprise to Peranel, a 50:50 three way partnership between its father or mother firm, Nestlé S.A., and international funding agency Platinum Equity.
The firm disclosed this in a discover to the Nigerian Exchange Limited (NGX), its shareholders and the investing public, offering an replace on the proposed enterprise restructuring.
The improvement follows the July 30, 2026 announcement that Nestlé S.A. and Platinum Equity had entered into an unique association to set up Peranel as a three way partnership for Nestlé’s waters and premium beverages enterprise.
Board critiques proposed transaction
Nestlé Nigeria mentioned its board met on October 28, 2026, to contemplate administration’s report on developments for the reason that preliminary announcement.
According to the corporate, the proposed transaction in Nigeria will contain transferring its present waters and premium beverages enterprise to a newly established firm, which can subsequently develop into a part of Peranel.
- “In Nigeria, subject to the receipt of the requisite approvals of the Securities and Exchange Commission, the Federal Competition and Consumer Protection Commission and the shareholders, the proposed Transaction will involve the transfer of Nestlé Nigeria’s existing waters and premium beverages business for adequate consideration to a new company which will then become part of Peranel.”
Following its evaluation of administration’s report, the board resolved to search the mandatory regulatory and shareholder approvals to facilitate the transaction.
Board critiques valuation studies, equity opinion
As a part of its consideration of the proposed carve-out, the board reviewed three studies relating to the valuation and equity of the transaction.
- These included an asset valuation report ready by Niyi Fatokun & Co., a enterprise valuation report by KPMG, and an impartial skilled equity opinion ready by Deloitte.
The assessments are anticipated to present an impartial foundation for evaluating the proposed switch and its consideration.
Nestlé’s Shareholding Remains Unchanged
Nestlé Nigeria clarified that the proposed transaction wouldn’t have an effect on its father or mother firm’s possession curiosity within the Nigerian subsidiary.
- The firm expressly said that the transaction “does not affect or alter the shareholding of Nestlé in Nestlé Nigeria.”
It added that additional bulletins could be made as required beneath relevant regulatory and disclosure obligations.
Profit Before Tax rises 51.5% to N193.88 billion
The proposed restructuring comes as Nestlé Nigeria studies improved financial performance for the nine months ended September 30, 2026.
- The firm recorded a 51.5% improve in revenue earlier than tax to N193.88 billion, in contrast with N127.96 billion within the corresponding interval of 2025.
- Revenue grew by 10.4% to N976.53 billion from N884.54 billion, whereas revenue after tax elevated by 42.6% to N103.37 billion from N72.48 billion.
- Earnings per share additionally superior to N130.41 from N91.44.
The improved profitability was supported by stronger gross margins and decrease web finance prices, highlighting an enchancment within the firm’s earnings efficiency throughout the interval.
