Companies / United Kingdom
Permira Acquires Britvic Stake
December 2006 | Company News AlertAfter months of speculation, private equity firm Permira has increased its holding in leading UK soft-drink maker Britvic to 13.98% in an unsolicited bid that could pave the way for an eventual takeover of the company in 2007. The GBP68mn (US$133.5mn) deal comes after a rumoured October takeover bid appeared to fall through shortly after its existence was leaked to a British newspaper. The move comes as Britvic's management prepares for product launches in the new year to shore up sagging profits, and will put them under added pressure to improve performance measurably in the next few
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