Financial Times FT.com

Peltz's stake-building deal with QIA keeps pressure on Cadbury

By James Politi in New York and Jenny Wiggins in London

Published: December 10 2007 02:00 | Last updated: December 10 2007 02:00

Nelson Peltz, the US activist investor, has teamed up with the Qatar Investment Authority to boost his stake in Cadbury Schweppes and keep up pressure on the UK drinks and confectionery group to carry on improving its financial performance.

Trian, Mr Peltz's investment vehicle, recently formed a special-purpose vehicle with QIA, which it has used to buy derivatives contracts to lift its exposure to Cadbury.

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