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Cadbury Schweppes wins approval
for £442m Pernod soft drinks deal

LONDON - Cadbury Schweppes has won US regulatory approval for its £442m bid to buy Pernod Ricard's soft drinks brands and businesses in Europe, North America and Australia

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The deal, announced last month, will see Cadbury acquire the Orangina, Pampryl fruit juice, Champomy and Yoo-Hoo brands.

The businesses being acquired had sales in 2000 of £294m and pro-forma Ebitda of £40m. Orangina accounts for approximately half of the total volume being acquired.

The deal is now expected to be concluded shortly.

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