Soft drinks group Britvic said today it planned a flotation on the London market that sources company at £800 million.
The second-biggest soft drinks group in the UK after Coca-Cola said it aimed to announce a price range in two to three weeks and expected its shares to start trading in early to mid December.
Britvic's three largest shareholders - InterContinental Hotels, Whitbread and Pernod Ricard - say they intend to sell their holdings in the float, while PepsiCo will hold onto its shareholding.
InterContinental holds 47.5 per cent, Whitbread and Pernod hold 23.75 per cent each, and PepsiCo has 5 per cent.
The group will be chaired by former Railtrack head Gerald Corbett, and current managing director Paul Moody will become chief executive.