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.

Comments

Comment Manually

I have read and agree to the Terms and Conditions and Privacy Policy.

Inside FMCG Jobs

Loading...

FMCG Products

Company:

Category:

View details

Latest Poll

Do you think staffless supermarkets are a good thing?
x

SUBSCRIBE
FREE NEWS BRIEFS Get breaking news delivered