Britvic pays €237m for French soft drinks group
Wednesday 19 May 2010
Britvic is to buy the French soft drinks maker Fruite for €237m (£203m) as it looks to expand across Europe. The Tango and Robinsons giant unveiled the deal yesterday alongside a 39 per cent jump in pre-tax profits to £27.8m for the six months to 11 April.
Britvic said the acquisition would give it a foothold in the £11bn French soft drinks market, in which Fruite claims to be the leading independent company, while also acting as a platform for growth across Western Europe.
Fruite's range includes the dilutable syrup brands Teisseire and Moulin de Valdonne and the pure juice specialist Pressade.
Britvic yesterday raised £94m through an equity placing at 430p a share to help fund the deal. Its shares closed up 4 per cent at 458p.
The proposed takeover comes as Britvic hailed a "return to robust growth" in the second half so far amid signs of modest improvements across all markets, while the struggling Britvic Ireland arm scraped back into profit in the first six months.
- 2 Smartphones are making children borderline autistic, says psychiatrist
- 3 Why this father didn’t hide his daughter’s heroin overdose in her obituary
- 4 Company breaks open Apple Watch to discover what it says is 'planned obsolescence'
- 5 Teaching profession headed for crisis as numbers continue to drop and working lives become 'unbearable'
Smartphones are making children borderline autistic, says psychiatrist
Nepal earthquake: More than 1,100 killed across four countries and in Mount Everest avalanche
Nepal earthquake: The race is on to help thousands trapped under rubble around Kathmandu, while remote villages face a long wait for help
Royal baby: Live updates as superbug closes ward at St Mary's Hospital where Duchess of Cambridge is due to give birth
Teaching profession headed for crisis as numbers continue to drop and working lives become 'unbearable'
General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband
The sickening truth about food banks that the Tories don't want you to know
Migrant boat disaster: Ukip candidate mocks victims in sickening Twitter post
Nigel Farage wants the BBC to stop making programmes like Doctor Who, Strictly Come Dancing, and Top Gear
Global warming: Scientists say temperatures could rise by 6C by 2100 and call for action ahead of UN meeting in Paris
Rupert Murdoch berated Sun journalists for not doing enough to attack Ed Miliband and stop him winning the general election
iJobs Money & Business
£24000 - £26000 per annum + benefits : Ashdown Group: A highly successful, glo...
£50000 - £55000 per annum: Ashdown Group: Business Analyst - Financial Service...
£18000 - £23000 per annum + OTE £45K: SThree: At SThree, we like to be differe...
£20000 - £25000 per annum + competitive: SThree: Did you know? SThree is the o...