UK - Britvic offer abandoned by Permira
Permira has abandoned a planned bid for soft drinks maker Britvic. The offer would have valued the company which sells brands such as Pepsi and Tango at around ТЃ600m.
                
Speculation that Britvic would be taken over has been rife in recent months since it offered its third profit warning in three months in May with PAI Partners understood to have been interested. However, Britvic's sales have partially recovered over the summer thanks to new non-fizzy mineral water products. Although confirming it won't make a bid imminently, Permira has not ruled one out in the future.
                
                
                
                
                
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