Cadbury Schweppes to acquire 30% stake in Kent

The deal is expected to complete in early 2006.

29/12/05 Further to its announcement of 13 December 2005, Cadbury Schweppes has agreed with Tahincioglu Holdings to buy its 30% shareholding in Kent for approximately £55 million (with the exact consideration to be determined by Kent's financial performance in 2005), thereby increasing its stake to 95%.

The deal is expected to complete in early 2006.

Cadbury Schweppes is the world's largest confectionery company and has a strong regional presence in beverages in the Americas and Australia. With origins stretching back over 200 years, today Cadbury Schweppes' products - which include brands such as Cadbury, Schweppes, Halls, Trident, Dr Pepper, Snapple, Trebor, Dentyne, Bubblicious and Bassett - are enjoyed in almost every country around the world. The Group employs around 50,000 people. 

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