P529ORACLE 529 Mon13 Jan C4 9718:58
CADBURY TO SELL
OFF FOOD, DRINKS
Cadbury-Schweppes, the soft drinks and
confectionery group, says it is close
to finalising a £80m-plus sell-off.
The deal involves selling the UK fogd
and beverages division, and the fogd
divisions in France and Ireland, to a
group of company managers.
Major brands affected include Typhoo
Tea, Kenco coffee, Chivers and Hartley
jams, Smash instant potatg, Marvel milk
powder and Cadbury chocglate biscuits.
The group said the planned sale was a
strategy to concentrate on the core
confectionery and soft drinks business.
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