The State Water Resources Control Board notified the company on Wednesday that an investigation concluded it doesn’t have proper rights to about three-quarters of the water it withdraws for bottling
Nestle said it was pleased that the report reaffirms that it holds valid rights to “a significant amount” of water.
Related: "Nestle SA aims to sell
its U.S. confectionery unit by the end of March"
The sale would be the first major step away from the industry by the company that invented milk chocolate. The U.S. chocolate market is sputtering