TURKEY: Turkish delight for Cadbury Schweppes
The sweets to soft drinks group, Cadbury Schweppes, has agreed to acquire a 51% controlling stake in the Turkish confectionery group, Kent, for £67 million ($95.84 million). Kent is Turkey's largest confectionery manufacturer with 66% of the sugar confectionery market and 14% of the chewing gum market. It also exports to 66 countries.