Refresco Consolidates Main Companies Into Single Entity
Bottler Refresco has announced a consolidation of the main companies that comprise the group, following the completion of a public offer by Sunshine Investments BV, the consortium of PAI Partners SAS (PAI) and British Columbia Investment Management Corporation (BCI).
Under the consolidation process, Sunshine Investments BV, Refresco Group BV and Refresco Holding BV have been merged into a single entity, Refresco Holding BV.
This process was due to be completed on 1 January 2019.
‘The mergers are being undertaken in compliance with the senior facilities agreement and the senior notes, and these mergers require no lender consent,’ Refresco noted in a statement.
As a consequence of the corporate mergers, the group’s executive board will now be employed at Sunshine Top BV, the top level of the business.
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: European Supermarket Magazine.