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NETHERLANDS: Refresco quiet on buyout talks

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Refresco, the private label soft drinks giant, has refused to comment on speculation that it is in talks with private equity groups about a takeover deal.

A Refresco spokesperson declined to comment on the matter to just-drinks today (23 December), but added that the Netherlands-based  firm hopes to make a statement "soon".

A report in the Telegraph newspaper this weekend said that private equity groups Blackstone and Lion Capital have entered talks to  buy Refresco.

Blackston and Lion already own the ex-European drinks division of Cadbury, which includes the Orangina, Schweppes and Oasis brands.

Refresco, which claims to be Europe's largest private label soft drinks maker, is 49%-owned by Icelandic group Stodir, which fell into administration in October following Iceland's economic crash.

Refresco's 2007 turnover was EUR951m (US$1.3bn)


Sectors: Soft drinks

Companies: Cadbury

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