Cadbury Schweppes’ European beverages arm is expected to be sold for about £1.1bn next month to a private equity bidder.
The owner of Orangina, Oasis and Schweppes has narrowed bidders down to three: Permira, PAI and a team comprising Blackstone and Lion Capital.
They will submit second-round bids next week. A sale is likely to be agreed before Christmas.
Financial Times 12/11/05 page 1
The Daily Telegraph 12/11/05 page 30 (Business Comment)
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