UK's Britvic in £800m IPO

15 November 2005

UK soft drinks maker Britvic is preparing for flotation on the London Stock Exchange next month.

The company, whose brands include Pepsi and 7Up under exclusive licence from PepsiCo, plus Robinsons and Tango among others, expects to be valued at around £800 million ($1.39bn; €1.19bn).

It is the second biggest soft drinks seller in the UK after Coca-Cola, with annual revenues of around £700m.

Says managing director Paul Moody, who will become ceo of the company post-flotation: "We are delighted to be bringing Britvic, which has a strong track record, leading brands and a proven ability to innovate, to the market."

Britvic's three main shareholders - Intercontinental Hotels, leisure group Whitbread and drinks giant Pernod Ricard - will sell their stakes in the company. However, the US-headquartered PepsiCo will retain its 5% holding.

Data sourced from BBC Online; additional content by WARC staff