Private equity group Permira has said that it does not intend to make an offer for Britvic, following press speculation that it had been preparing a bid for the soft drinks giant.
Reports suggested that Permira had built up a 5% stake in Britvic and had been planning to make a £600m bid.
However, it has not ruled out a bid completely, stating that it “reserves the right to make or participate in an offer within the next six months”.
In a trading update released on Friday (29 September), Britvic reported branded revenue growth of 0.4% and stills growth of 7.5%. Carbonates fell 5.8%.
Reports suggested that Permira had built up a 5% stake in Britvic and had been planning to make a £600m bid.
However, it has not ruled out a bid completely, stating that it “reserves the right to make or participate in an offer within the next six months”.
In a trading update released on Friday (29 September), Britvic reported branded revenue growth of 0.4% and stills growth of 7.5%. Carbonates fell 5.8%.
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