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Friday, 29 September, 2000, 09:54 GMT 10:54 UK
Orangina sale talks

Pernod Ricard has confirmed it is in talks with Cadbury Schweppes over the sale of its Orangina drinks subsidiary.

Cadbury Schweppes said it was in negotiations over the acquisition of Orangina "and other non-alcoholic brands".


We are having preliminary contacts

Patrick Ricard
The price is said to be in the region of $700m.

Less than two weeks ago, Cadbury Schweppes confirmed it had bought US soft drinks firm Snapple for $1.45bn.

Seagram

For its part, Pernod Ricard has its own ambitious expansion plans, and is targeting Seagram's $7bn drinks business, in partnership with Diageo.

Allied Domecq is also in the bidding for the Seagram division, which includes such brands as Sandeman port and sherry, and Chivas Regal whiskey.

One banker involved in the Seagram deal said of Pernod Ricard: "They are planning to go all the way."

The firm is also targeting Poland's second-biggest vodka maker, Polmos Poznan.

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See also:

04 May 99 | The Company File
Coca-Cola's Orangina bid
16 Feb 00 | Business
Profits sweet at Cadbury
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