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Report: Nestlé to sell 2 water brands in Brazil

The Brazilian unit of food giant Nestlé SA will sell its water brands Petropolis and Sao Lourenco to a local company, Reuters reported March 28, citing Brazilian newspaper Valor Economico.

Nestlé reportedly agreed to sell the brands to Brazilian businessman Edson Queiroz.

The company is expected to announce the arrangement March 29, Reuters reported.