UK: Cadbury Schweppes sells Royal Crown Cola's International business and private label concentrate supply agreement to Cott Corporation
Cadbury Schweppes plc (NYSE: CSG) announced yesterday that it has reached an agreement to sell its Royal Crown (RC) Cola's International business and its private label concentrate supply agreement to Cott Corporation for a consideration of 68.4 million pounds sterling (US $94 million). ``The decision to sell these businesses reflects Cadbury Schweppes' strategy to operate higher growth potential businesses in our core markets. These markets are driving growth for the company and creating value for our shareowners,'' said John Brock, Cadbury Schweppes' Chief Operating Officer.
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