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PERRIER ACQUISITION APPROVED BY COMMISSION OF THE EUROPEAN COMMUNITY

 PERRIER ACQUISITION APPROVED BY CE
 VEVEY, Switzerland, July 22 /PRNewswire/ -- As a result of a


thorough enquiry carried out over the past four months, the Commission of the European Community has approved the acquisition of Source Perrier by Nestle which, as of today, holds 98 percent of the share capital.
 The commission's approval is subject to certain conditions -- one of which requires the sale of several of the Perrier sources in France. This sale corresponds to about 20 percent of the estimated capacity of the French market. Vichy, Saint Yorre, Thonon and Pierval are among the brands to be disposed of. Once the disinvestment of these sources has been completed, Volvic will be sold to BSN as planned, Brussels having accepted that BSN assumes the management of Volvic as of now.
 Nestle preferred to propose this compromise rather than to submit the transaction to a long period of uncertainty which could have put such an important investment, and even the future of the Perrier Group, at risk. After the negotiation, Nestle will own Perrier, Contrexeville and some less important sources. With Vittel, in which Nestle has held a majority stake for a number of years, Nestle gains an important market position in Europe and becomes the leading supplier of bottled water worldwide.
 -0- 7/22/92
 /CONTACT: Fern Lazar of Dewe Rogerson, 212-688-6840, for Nestle/ CO: Nestle; Source Perrier ST: IN: FOD SU: TNM


SM-KW -- NY040 -- 1816 07/22/92 11:05 EDT
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Publication:PR Newswire
Date:Jul 22, 1992
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