Coca-Cola Co. has declined to comment on speculation that it may be interested in acquiring Cadbury Schweppes's Snapple iced tea.

The US-based drinks giant was responding to reports late last week that it would be in the running for the brand. A trade publication cited several Coca-Cola sources as saying: "Coke might be interested - or in words of some, should be interested - in buying Snapple to beef up its tea business."

Speaking to just-drinks today (26 June) a spokesperson for Coca-Cola said: "We will not talk about this."

Last week, UK-based Cadbury Schweppes said that it will probably sell off its US drinks business. Three groups are thought to be in the running for the unit -  Blackstone, Kohlberg Kravis Roberts and Lion Capital are believed to make up one consortium, while another consists of Bain Capital, Texas Pacific and Thomas H Lee. A third possible group, made up of Canada's Cott Corp. and other private equity groups, is also thought to be looking to bid.