LONDON, Sept 9 Japan's Suntory Beverage & Food Ltd has agreed to buy the Lucozade and Ribena brands from GlaxoSmithKline Plc for 1.35 billion pounds ($2.11 billion) in a deal that boosts its soft drinks portfolio and helps it expand into new markets.
The acquisition, announced by the companies on Monday, had been widely anticipated after people close to the process said last week that Suntory was in advanced talks on a deal that would pre-empt an auction of the iconic British drinks.
GLOBAL MARKETS-European shares up as banks reassure, dollar holds near highs
LONDON, Oct 27 Reassuring results from some of Europe's biggest banks gave financials a boost on Thursday and helped offset weakness in oil-related stocks, while higher bond yields underpinned the dollar.
Moody's sees Russia's 2016 budget deficit at up to 4.7 pct of GDP
MOSCOW, Oct 27 Russia's budget deficit may reach 4.7 percent of gross domestic product this year if Moscow fails to sell a state stake in oil giant Rosneft, a senior vice president at Moody's Investor Service said on Thursday.