Suntory Beverage & Food Ltd., Japan's second largest drinks maker known for its beer and whiskey is about to buy our favourite sweet, but nourishing blackcurrant drink Ribena from GlaxoSmithKline Plc. for a whopping sum of £1.53 billion. The transaction will also include energy drink Lucozade.
While GSK felt that the two drinks lack global presence, they will help the Japanese company expand its presence into Britain, Nigeria, Malaysia and other countries. Subject to regulatory approvals, the transaction is expected to be completed by end of this year.
via Reuters.
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