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PE firm Centurium Capital nears a deal for Nestlé's Blue Bottle chain

Centurium Capital is reportedly close to acquiring Nestlé's specialty coffee chain, Blue Bottle Coffee. The private equity firm is in advanced talks with Nestlé for the potential deal, which could value the coffee chain at around $400 million. Nestlé acquired a majority stake in Blue Bottle Coffee in 2017. The sale would mark another divestment for Nestlé as it continues to streamline its portfolio.

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