Financial Times FT.com

Cadbury to sell Australian drinks arm

By Maggie Urry in London

Published: December 24 2008 10:40 | Last updated: December 26 2008 23:53

Cadbury has agreed to sell its Australian soft drinks business to Asahi Breweries , a Japanese group, for £550m ($809m), ending its near 40-year interest in beverages.

The price exceeded analysts’ estimates of the value of the business, which Cadbury put up for sale this month.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this