The sale of the water business Perrier by the food and drink giant Nestle is still a possibility, according to the company's CEO.

Peter Brabeck said in an interview with CNBC Europe: "The sale of Perrier is one strategic option."

The sale of Perrier has been on the cards since Nestle fell out the Communist-affiliated CGT trade union, which holds a majority at Perrier.

CGT refused to agree with Nestle over an early retirement scheme.