Cadbury Confirms Beverage Sale Plans

Confectioner Cadbury Schweppes has confirmed that it is more likely to sell its drinks division than demerge it as a separate listed unit.

The group said it was continuing to “pursue a twin track process of either a sale or demerger”. However, following expressions of interest, a sale was now seen as “the more likely outcome”.

Tax and transaction costs of the divestment, whichever route is eventually chosen, will amount to 5% of the value of the business, estimated at