January 17, 2018 / 8:06 AM / a month ago

BRIEF-Cott says UK's CMA accepts phase 1 remedy in sale of beverage manufacturing business to Refresco

Jan 17 (Reuters) - Cott Corp:

* ‍COTT- UK COMPETITION AND MARKETS AUTHORITY ACCEPTS PHASE 1 REMEDY IN PRINCIPLE IN SALE OF ITS TRADITIONAL BEVERAGE MANUFACTURING BUSINESS TO REFRESCO​

* COTT-REFRESCO, IN CONSULTATION WITH COTT, OFFERED REMEDY CONSISTING OF SALE TO PURCHASER OF APET FACILITY AT NELSON SITE TO ADDRESS CONCERNS RAISED BY CMA​

* ‍REFRESCO HAS APPOINTED RABOBANK TO LEAD SALES PROCESS​

* ‍REFRESCO ANTICIPATES CLOSING OF TRANSACTION WILL OCCUR ON JANUARY 30, 2018​ Source text for Eikon: Further company coverage:

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