JAPAN: Asahi denies interest in Orangina - report

By | 15 September 2009

Asahi has denied interest in acquiring the Orangina business, following claims that it may launch a bid to rival Suntory, according to a report.

Asahi is not in talks and is not considering a move for Orangina, a spokesperson for the group told the Reuters news agency.

The comments follow a report in the Financial Times claiming that Asahi was eyeing a bid for Orangina.

Last week, Orangina's private equity owners, Blackstone and Lion Capital, confirmed that they were in discussions with Asahi's domestic rival Suntory Holdings.

It is thought Suntory could buy Orangina for upwards of US$2.6bn, which is what the private equity groups paid Cadbury Schweppes for the business in 2006.

An Asahi spokesperson could not be reached for comment as just-drinks went to press.

Sectors: Soft drinks, Water

Companies: Asahi, Suntory, Cadbury

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