AUS: Danone prepares Frucor sale - report
French food and drink giant Groupe Danone has drawn up a short list of possible buyers for its Frucor Beverages business in Australia and New Zealand, according to a report.
Potential buyers are thought to include P&N beverages and Coca-Cola Amatil, the latter of which has attempted to recruit private equity groups in order to satisfy competition concerns, according to a report in the Australian Financial Review this week.
Danone confirmed to just-drinks ealier this month that it had begun a review of the division, which includes the sought-after V energy drink brand.
It emphasised that there was no certainty of a sale.
Speculation has spiralled on Australia's soft drinks market in the last couple months, with Cadbury Schweppes also understood to be preparing a sale of its own soft drinks division in the country.
Danone's bottled water division emerged as the group's achilles heel in 2008, with some analysts suggesting the French giant would consider off-loading some of the business if it could....
The economic downturn could not have come at a worse time for the bottled water industry. Not only is the category battling to win the consumer's pennies and cents, but it has also had to battle again...
Bottled water sales in the UK will continue to fall in 2009, but the category is on-track to recover in 2010, according to a new report....
The nutraceutical drinks category registered a healthy lift in volume sales last year, according to recent statistics....
A California court has ruled that Groupe Danone's trademark dispute with Chinese joint venture partner Wahaha should be settled in China, not by the US judicial system....
Falling bottled water sales in 2008 provided the blip in Nestle's sales and profit rise for its full-year....
Japanese brewer Kirin Holdings has said that it will continue to pursue M&A deals in Asia in order to reduce its reliance on an "unsustainable" domestic market....
French bottled water giant Groupe Danone has said that it will make its Evian and Volvic brands "plastics neutral" in the UK....
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