Subscribe Login
DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
Packaging And Design

Refresco Receives New Offer For PAI Takeover

Netherlands-based drinks bottler Refresco has announced that it received a new, unsolicited and indicative proposal from French private-equity firm PAI partners SAS.

The deal would see PAI Partners acquire all 81.2 million issued shares in the bottling company for €19.75 per share, representing a cash consideration of around €1.6 million.

This would also include Refresco's recent acquisition of Cott's bottling activities, which is expected to be completed before the end of the year.

Refresco rejected a €1.4 billion takeover bid from PAI in April of this year, but says that its board is carefully reviewing the new proposal.

The Rotterdam-based company operates 29 manufacturing facilities in the US and Europe, and it saw revenue increase to €1,166 million in the first six months of 2017.

© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Sarah Harford. Click subscribe to sign up to ESM: The European Supermarket Magazine.

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days