City snapshot: Refresco agrees terms over €1.62bn private equity sale

Dutch bottling giant Refresco has agreed to recommend a €20 per share offer from a consortium of PAI Partners and British Columbia Investment Management valuing the firm at €1.62bn. Plus, Heineken third quarter volumes up 2.5% despite UK double-digit slump, British American Tobacco to set out new product growth targets and all the rest of the latest news from the City.