News Column

United Kingdom : INNOCENT BOTTLER and SUNNY DEAL preparing to kick off auction

June 26, 2014

The bottling group which works with brands such as Sunny D and Innocent Drinks is preparing to kick off an auction that could be work over 1 billion.

Shareholders in Refresco Gerber hired a investment bank, JP Morgan, to oversee a so-called dual-track process that will examine the merits of a stock or sale market flotation.

Investors in the company include the British-based private equity group, 3i, which owns 20%, and an Icelandic consortium which abandoned an attempt before to sell it during the international financial crisis in 2009.

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Source: TendersInfo (India)

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