Cadbury to sell business units to Heinz & Leaf
Cadbury to sell business units to Heinz & Leaf
Cadbury to sell business units to Heinz & Leaf
Confectionery-to-carbonates heavyweight Cadbury Schweppes is to sell off three of its non-core businesses as part of its strategy to hit its GBP 250 million disposal target outlined for the end of 2007.
The confectionery giant has revealed plans to sell off its Australian jam unit to the Australian division of US GBP 29 million. The transaction is due to be completed in the third quarter of 2007.
The company has also agreed to the GBP 6 million sale of Cadbury Italia to Leaf Italia, and is to offload its Canadian candy unit Allan Candy for approximately GBP 10 million.
The divestures form part of a strategic initiative, outlined in October 2005, to achieve
"Once all these transactions are completed, we will have raised over
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