Nestlé Nigeria Restructures Beverage Division for 2026

Nestlé Nigeria Plc is undergoing a significant restructuring of its business operations by transferring its waters and premium beverages division to a newly established company. This move is part of a global restructuring arrangement and aims to integrate into Peranel, a joint venture between Nestlé S.A. and Platinum Equity.

The company announced that it is seeking regulatory and shareholder approval for this transfer, which was discussed in a board meeting on October 28, 2026. Nestlé Nigeria has not disclosed the financial value of the transaction or a completion date, nor has it provided a detailed list of the beverage brands affected, leaving uncertainty about popular products like Milo and Nescafé.

The restructuring will not alter Nestlé S.A.'s shareholding in Nestlé Nigeria. The board reviewed three independent assessments to evaluate the transaction's financial fairness.

Further disclosures will be made as the approval process progresses.