Pepsi Asks For Cadbury Schweppes Information
Pepsi joins a list of more than twelve interested groups, including US private equity group Carlyle and UK buy-out firm Cinven.
23/09/05 PepsiCo is understood to have joined the list of interested parties for Cadbury Schweppes’ European beverage division, which is up for sale. A report in The Financial Times wrote that the snacks and beverage giant has asked for the information memorandum on the sale of the drinks unit.
Pepsi joins a list of more than twelve interested groups, including US private equity group Carlyle and UK buy-out firm Cinven. The Cadbury arm, which is valued at over £1 billion includes drink brands such as Orangina, Oasis and TriNa and Schweppes’ Tonic Water.
Cadbury has hired US investment bank Goldman Sachs to sell the business with proceeds of the sale to be used to cut the firm's 4.3 billion pound debt as of end-June.
