Britvic plc Disposal (0299T)
12 Noviembre 2019 - 01:00AM
UK Regulatory
TIDMBVIC
RNS Number : 0299T
Britvic plc
12 November 2019
Britvic plc
("Britvic" or the "Company")
Legal Entity Identifier: 635400L3NVMYD4BVCI53
12 November 2019
DISPOSAL
BRITVIC PLC ("BRITVIC") POTENTIAL SALE OF THREE BOTTLING
FACILITIES IN FRANCE
The Board of Britvic announces today that it has entered into
exclusive discussions with Refresco over the potential sale by
Britvic of its three juice manufacturing sites in France, its
related private label juice business, and the Fruité brand. The
proposed sale is subject to a consultation process with the
relevant employee representatives, which has now been initiated,
and also subject to competition clearance by the French Competition
Authority. Britvic will retain ownership of the Pressade and Fruit
Shoot brands, which would be manufactured by Refresco as part of a
long-term partner arrangement. The transaction will not affect the
Teisseire and Moulin De Valdonne brands or the private label syrups
business, which are all manufactured at the remaining site in
Crolles.
The value of the transaction is not material and would result in
a modest impact on adjusted EBIT. The transaction would be expected
to complete in Spring 2020. The retained business would be smaller
and higher margin, enabling the local management team to focus on
building its branded business. An update will be provided at the
Preliminary results announcement on 27 November 2019.
For further information please contact:
Investors
Steve Nightingale Director of Investor Relations +44 (0) 7808 097784
Media
Director of Corporate
Kathryn Partridge Relations +44 (0) 7803 854229
Megan Ratcliffe Head of Corporate Communications +44 (0) 7808 097769
Stephen Malthouse Headland +44 (0) 203 805 4844
Notes to editors
About Britvic
Britvic is one of the leading branded soft drinks businesses in
Europe. The company combines its own leading brand portfolio
including Robinsons, Tango, J2O, Fruit Shoot, Teisseire and MiWadi
with PepsiCo brands such as Pepsi, 7UP and Lipton Ice Tea which
Britvic produces and sells in GB and Ireland under exclusive
PepsiCo agreements.
Britvic is the largest supplier of branded still soft drinks in
Great Britain ("GB") and the number two supplier of branded
carbonated soft drinks in GB. Britvic is an industry leader in the
island of Ireland with brands such as MiWadi and Ballygowan, in
France with brands such as Teisseire and Pressade and in Brazil
with Maguary and Dafruta. Britvic is growing its reach into other
territories through franchising, export and licensing. Britvic's
management team has successfully developed the business through a
clear strategy of organic growth and international expansion based
on creating and building scale brands. Britvic is listed on the
London Stock Exchange under the code BVIC and is a constituent of
the FTSE 250 index.
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END
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