Refresco shareholders OK $1.9 bln takeover by PAI, bcIMC
Refresco Group NV, a Dutch bottler of beverages for retailers and branded players, said its shareholders have approved the proposed acquisition of the company by PAI Partners and British Columbia Investment Management Corp (bcIMC). The deal, announced last year, reflects a cash offer of about US$1.9 billion (EUR 1.6 billion) and is expected to close later this month. Refresco has conditionally appointed bcIMC Senior Vice President, Private Equity, Jim Pittman and Senior Portfolio Manager Julian Remedios, as well as PAI representatives, to its supervisory board.
5 March 2018•3 mins read
