Nestle said it would sell Pure Life and some other struggling North American water brands to two private equity firms for $4.3 billion, as the food giant doubles down on its premium offerings including Perrier. The sale, to One Rock Capital Partners and Metropoulos & Co, includes brands such as Poland Spring, Deer Park, Ozarka, Ice Mountain, Zephyrhills, Arrowhead and Splash, as well as US office beverage delivery service ReadyRefresh.

Tax row: Now, Cairn moves court in UK, Netherlands

Britain’s Cairn Energy plc has filed cases in the US, the UK and the Netherlands courts to register a $1.4 billion arbitration award it had won in a tax dispute against India, as a preparatory action in case it is not paid by the Indian government. Cairn filed a petition in a Washington DC Federal court on February 12, and followed it up with similar filings in the UK and the Netherlands courts, people with knowledge of the matter said.

In a petition, Cairn Energy plc and its UK holding company sought the US district court for the District of Columbia to recognise and confirm the December 21 award by a three-member tribunal at the Permanent Court of Arbitration at The Hague.