Mon, 22 Apr 2013 | DIVISION SALE
Popular soft drinks brands Lucozade and Ribena face being put up for sale over the next few weeks, with a price tag of up to £1 billion.
The brands' owner, drugs company GlaxoSmithKline, has been mulling over the possible sale for a few months and announced a review of the business in early February. At the time Glaxo’s chief executive, Sir Andrew Witty, commented, “No decisions have been taken or options ruled out – we could increase investments in certain pars of the world, find a partner or divest the products.”
It is thought an announcement of a sale could be voiced at Glaxo’s yearly meeting next month. The completed review was to be due by mid-year, the firm had said previously.
While the firm is known to have sought potential advisers, a bank has not yet been brought in to hold an auction of the drinks business.
Buy out businesses are expected to be very interested in the sale, with firms such as Blackstone, BC Partners, Lion Capital and PAI expected to ask for information on the business.
Suntory Holdings, the Japanese firm that purchased Orangina in 2009, is understood to be serious about putting together a bid. It is said to have held talks with banks Morgan Stanley and Nomura to support the bid.
____________________________________________________________________________
Related news:
GSK gets set for drinks business sale
Administration hits Silver Spring
Offering for sale the business and assets of Project Pinnacle as a going concern, an independent chain of builders and timber merchants selling to trade professionals and the general public.
The company provides a comprehensive range of multimedia solutions for the wire, cable, tube, pipe and fasteners industries comprising print magazines, digital magazines, websites, digital platforms and social media benefitting from digital advertisi...
An established Irish based engineering business, providing supply, fabrication and erection structural steel solutions to customers across the island of Ireland and Great Britain.
29
|
Mar
|
Financial planning business acquires Staffordshire company | BUSINESS SALE
Wren Sterling, a national financial planning business, has c...
28
|
Mar
|
NI pharmacy group acquires third site | BUSINESS SALE
A family-run community pharmacy group has expanded with the ...
28
|
Mar
|
Vehicle upcycling group falls into administration | ADMINISTRATION
Lunaz Group Limited, a vehicle electrification and upcycling...
29
|
Mar
|
Financial planning business acquires Staffordshire company | BUSINESS SALE
Wren Sterling, a national financial planning business, has c...
28
|
Mar
|
Food service business acquired at more than 10x profits | BUSINESS SALE
Total Foodservice, a wholesale catering supplies business, h...
28
|
Mar
|
Vehicle upcycling group falls into administration | ADMINISTRATION
Lunaz Group Limited, a vehicle electrification and upcycling...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.