UK: Orangina purchase not expected to be positive for earnings for two years

By Chris Brook-Carter | 8 June 2001

DBRS, the credit rating agency, has confirmed the corporate rating for Cadbury Schweppes at "A", a stable trend following the announcement of the agreement to purchase Orangina from Pernod Ricard. However, there would be significant rises in goodwill and interest charges for Cadbury, DBRS said, and the acquisition is not expected to contribute positively to earnings for over two years.

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DBRS, the credit rating agency, has confirmed the corporate rating for Cadbury Schweppes at "A", a stable trend following the announcement of the agreement to purchase Orangina from Pernod Ricard. However, there would be significant rises in goodwill and interest charges for Cadbury, DBRS said, and the acquisition is not expected to contribute positively to earnings for over two years.

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