JAPAN: Orangina talks with Suntory Holdings confirmed
The owners of Orangina Schweppes Group have confirmed that talks have opened with Suntory Holdings over a possible purchase transaction.
Reports earlier today (10 September) claimed that Japan's Suntory Holdings is in talks to acquire the Orangina drinks brand from private equity groups Lion Capital and Blackstone.
The two private equity companies confirmed the reports a little later in the day.
"No agreement has been reached to date," the brief statement concluded.
Analysts said at the time that the private equity firms would likely not keep the business for the long-term and may work on an exit strategy of around five years.
There is always a bubble inflating somewhere. Right now that somewhere appears to be the soft drinks market. Intense interest among Japanese buyers has created an opportunity for US private-equity fir...
Coca-Cola France president Christian Polge has been elected head of French soft drinks trade body, the Syndicat National des Boissons Rafraîchissantes (SNBR)....
Kirin Holdings has blamed unfavourable currency rates and a weakened Japanese economy for a fall in sales and profits in 2009....
Japanese drinks group Kirin Holdings has appointed a new president and CEO as it looks to push on with plans to drive earnings, despite a breakdown in merger talks with Suntory....
- A tobacco analogy soft drinks will want to embrace
- PepsiCo to consider more re-franchising - CEO
- Cleaning China's seedier side brings Remy balance
- Pernod's Portman Group penalty - a coincidence?
- just The Preview - SABMiller's Q1
- Diageo's Captain Morgan Facebook ad banned
- Diageo faces public consultation over W&M sale
- William Grant silent on Drambuie bid talk
- Bacardi to fight US football team legal action
- Alcohol retailer group appoints new chairman