Cadbury Schweppes PLC has accepted a binding offer of $2.19 billion in cash for its Europe Beverages business from a consortium comprising private equity firms Blackstone Group International and Lion Capital LLP, the Associated Press reported.
The deal is subject to European Union approval.
The business is comprised primarily of carbonated soft drinks along with mineral waters and still drinks. Its brands include Schweppes, Orangina, TriNa, Oasis and La Casera.
Sales of London-based Cadbury Schweppes’ Europe Business are concentrated in France, Spain and Germany, though distribution goes as far as the Middle East and northern and West Africa, the report said.
