GERMANY/UK: Cadbury-Schweppes grabs full control of German joint venture
UK confectioner and soft drinks group Cadbury Schweppes last night [Tuesday] announced that it has agreed to buy Brau und Brunnen's 72% interest in the Apollinaris & Schweppes joint venture in Germany for €151m (US$146.8m). The transaction includes the Apollinaris, Heppinger and Big Apple brands and gives Cadbury Schweppes 100% control of Apollinaris & Schweppes. Apollinaris & Schweppes was formed in 1991, merging the business interests and assets of Schweppes GmbH (28%) and Apollinaris Brunnen AG (72%).
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