PORTUGAL: Sumolis in fresh Compal buy-out talks
António Sérgio Eusébio, president of Portuguese drinks group Sumolis, has confirmed that it is in talks to buy an 80% stake in rival Compal.
Sumolis, which holds the local PepsiCo franchise and owns brands including Sumol soft drinks and Tagus beer, is in negotiations to buy the stake from Portuguese bank Caixa Geral de Depositos (CGD).
The talks are the latest negotiations between Sumolis and CGD after discussions earlier this year came to no conclusion.
Sumolis already owns the remaining 20% stake in Compal, which operates not only in the fruit juice sector, but also in mineral water with its Frize brand.
CGD paid EUR284m (US$374m) for the 80% shareholding although the bank has refused to disclose how much it wants to sell the stake. Sumolis is looking for financing support to cover the cost of the acquisition.
Coca-Cola's US$4.1bn acquisition of Glacéau gives the company a presence in the growing enhanced waters sector where, writes Annette Farr, the soft drinks giant will be competing not only with smaller...
PepsiCo has stayed silent on speculation suggesting it is looking to buy a kvas brand in Russia....
PepsiCo has unveiled a cucumber-flavoured variant in Japan....
The so-called 'mid-tier' level is proving the battlefield for mergers and acquisitions in the European soft drinks industry, according to a recent report....
PepsiCo's CEO has admitted she made a mistake in not standing up against the pesticides-in-cola controversy....
PepsiAmericas and PepsiCo are set to acquire 80% of Ukrainian juice company Sandora....
Coca-Cola Co. and PepsiCo. are locked into a bidding war for Ukrainian soft drinks producer Sandora during its final stages of auction....
The Coca-Cola Co.'s Mexican unit has been hit by a fine for monopoly practices in the country....
- 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