Free Subscription

  • Access daily briefings and unlimited news articles


Only $39.95 per year
  • Quarterly magazine and digital
  • Indepth executive interviews
  • Unlimited news and insights
  • Expert opinion and analysis

Mondelez in talks to buy Cadbury licence

mondelezMondelez International plans to buy the licence to make Cadbury biscuits from UK-based biscuit maker Burton’s Biscuits Co.

US-based, Oreo cookie maker Mondelez has offered to pay about STG200 million ($A349 million) for the licence.

The talks are at an early stage and may not result in a deal, said sources. The report comes weeks after Mondelez made a bid for Hershey Co, which makes Kisses chocolates, for $US23 billion ($A30.65 billion). Hershey rejected the offer.

Burton’s, owned by Canada’s Ontario Teachers’ Pension Plan, makes biscuits such as Cadbury Fingers under licence from Cadbury UK.

Mondelez already owns chocolate maker Cadbury Ltd, which it bought for about $US19 billion in 2010.

Mondelez was not immediately available for comment.

A Burton’s spokeswoman said the company did not comment on speculation.

You have 3 free articles.