Asahi to acquire Schweppes Aus for AUD$1.2bn

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Japanese brewing titan Asahi is set to complete an AUD$1.2 billion deal for Cadbury's Schweppe's Australia.

The agreement had looked to be in jeopardy after it emerged the Coca-Cola Company was considering a counter-offer, but this has now fizzled out.

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Chief executive of Cadbury, Todd Stitzer, said when the deal was first announced: "The successful sale of Schweppes Australia will complete Cadbury's divestment of its beverage operations.

"As a result, Cadbury will focus solely on its growing chocolate, gum and candy portfolio in line with the Vision Into Action strategy."

Meanwhile, emergency response firm Ferno Australia has completed a deal to purchase the Australian-focused assets of Weinmann, a large medical technology organisation.