Japanese drinks group Suntory has confirmed the acquisition of Orangina Schweppes for €2.6bn.
The French soft drinks group, which controls the Oasis brand as well as Orangina, is currently owned by private equity groups Blackstone and Lion Capital.
But a sale, first mooted earlier this month, has now been agreed. The deal marks the latest change of hands for the Schweppes brand, which Orangina acquired from Cadbury in 2006.
Suntory’s Japanese rival Asahi had also expressed an interest in buying Orangina, according to the Financial Times.