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Refresco Receives New Offer For PAI Takeover

Published on Oct 3 2017 11:40 AM in Packaging And Design tagged: Bottling / Refresco / PAI Partners

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.

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