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Refresco Receives Renewed Interest From PAI

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Refresco Receives Renewed Interest From PAI

Refresco Receives Renewed Interest From PAI
October 05
10:16 2017

Refresco Group, the leading independent bottler of soft drinks and fruit juices for retailers and A-brands with production in the Benelux, Finland, France, Germany, Italy, Poland, Spain, the UK and the US, has received a new unsolicited, indicative and conditional proposal from private equity firm PAI Partners. It regards a possible offer to acquire all 81.2 million issued shares in the company for €19.75 per share, representing an aggregate cash consideration of €1.6 billion. The offer includes Cott’s bottling activities, Refresco’s latest acquisition which is expected to see completion before year-end. The offer is subject to a number of conditions. PAI Partners made a €1.4 billion in May.

The executive board and the supervisory board of Refresco is carefully reviewing the proposal. Further announcements will be made if and when required. Refresco generated revenues of €2.1 billion on volume sales of 6.5 billion litres in 2016.


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