Drinks giant floats

Essex-based Britvic has announced its intention to proceed with an offer of ordinary shares to institutional investors in the United Kingdom and elsewhere and to seek a listing for the Ordinary Shares on the London Stock Exchange.

Commenting on the announcement, Paul Moody, Managing Director of Britvic, said: "Soft drinks is the largest and one of the fastest growing FMCG categories. We are delighted to be bringing Britvic, which has a strong track record, leading brands and a proven ability to innovate, to the market. After many years of support from our listed company shareholders we are pleased that a wider shareholder base will have the opportunity of investing in the company."