UK: Britvic silent on financing move
Britvic has declined to comment on a report that it is looking to raise US$150m (GBP91.5m) via a private share placement in the US.
The UK soft drinks group has recruited Barclays Capital and RBS Greenwich Capital to secure the funding, according to weekly publication Private Placement Letter.
When contacted by just-drinks a spokesperson for Britvic said: "We are in a closed period so we can't comment on this matter at the moment."
Britvic, which owns the licence to PepsiCo soft drinks in the UK and Ireland, as well as Robinsons and J20, will report full-year results on 25 November.
In a trading update last month, the firm said net sales for the 12 months to the end of September climbed by 5.6% year-on-year to GBP978.8m (US$1.59bn).
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