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Article: France : Suntory in Talks to Acquire Orangina From Blackstone.
- Article from:
- TendersInfo
- Article date:
- September 11, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: manish03
Suntory Holdings Ltd. is in talks to buy European drinkmaker Orangina from Blackstone Group LP and Lion Capital Holdings Inc. as Japan s third-largest brewer expands outside a shrinking domestic market.
The purchase, for more than $2.6 billion, could be agreed as soon as this week, said a person familiar with the talks who declined to be identified. Suntory is in discussions to buy Orangina, spokeswoman Aya Takemoto said today. Blackstone confirmed the talks in a Business Wire statement.
Buying the European drinks business previously owned by Cadbury Schweppes Plc would give Suntory the Oasis, Schweppes and other brands that ...