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Current Position:Home » News » Beverages & Alcohol » Beverages » Topic

SodaStream to sell 16% stake to softdrinks producer

Zoom in font  Zoom out font Published: 2014-04-18  Views: 18
Core Tip: SodaStream, an Israel-based carbonation beverage systems producer, is mulling the sale of its 16% stake to a softdrinks producer.
SodaStream, an Isodasrael-based carbonation beverage systems producer, is mulling the sale of its 16% stake to a softdrinks producer.

The sale is anticipated to be valued at around $1.1bn, reported Reuters, citing Israeli financial news daily Calcalist.

The transaction will include the sale of options, which will allow the buyer to increase the stake for potential control of the company.

About one third of the company's shares are currently owned by short-sellers.

SodaStream's shares in the US increased by 12% to $42.25 after Calcalist identified PepsiCo, Dr Pepper Snapple Group or Starbucks as the potential investors in the company.

The potential investor is eyeing to increase its stake gain control of the company over the future.

In June 2013, Calcalist reported that PepsiCo had intended to acquire Sodastream for $2bn through Goldman Sachs; however, the beverage firm said the report was incorrect.

SodaStream International develops, manufactures and sells home beverage carbonation systems that enable consumers to transform ordinary tap water instantly into carbonated soft drinks and sparkling water.

 
 
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