Bottler Refresco agrees to $1.9 bln takeover by PAI, bcIMC: Reuters
Refresco Group NV has agreed to a 1.6 billion euro (US$1.9 billion) offer from a consortium led by French private equity firm PAI Partners, which would delist the Dutch bottling company less than three years after its flotation, Reuters reported. PAI and partner British Columbia Investment Management Corp (bcIMC) aim to buy all 81.2 million Refresco shares at 20 euros each, ending the short-lived listing on the Amsterdam stock exchange. The deal is expected to close in the first quarter of 2018. In July, Refresco reached agreement to buy the bottling activities of Canada's Cott Corp for US$1.25 billion, a move that was intended in part to ward off a private equity takeover.
25 October 2017•2 mins read
