Cadbury Schweppes seeks to become leader of Romanian sweets market

Cadbury Schweppes Group on Friday acquired 93.2 per cent of Kandia Excelent from Axis Investments and Meinl Bank, the Company's majority shareholders, for 326.4 million RON ( 99.5million euros), in two separate transactions on the Deal market of the Bucharest Stock Exchange (BVB). The transfer of the 112.5 million shares took place on the Deal market where the parties negotiate directly, for a price of 2.9 RON, smaller by 14.71 per cent compared to the closing price a day before. ‘Romania ...

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