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Refresco Group NV (RFRG.AS)

RFRG.AS on Amsterdam Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Refresco and consortium of PAI and bcIMC anticipate offer launch in January 2018
Tuesday, 21 Nov 2017 12:00pm EST 

Nov 21 (Reuters) - REFRESCO GROUP NV :REG-REFRESCO AND A CONSORTIUM OF PAI AND BCIMC ANTICIPATE OFFER LAUNCH IN JANUARY 2018.‍OFFEROR AND REFRESCO CONFIRM THEY ARE MAKING TIMELY PROGRESS ON PREPARATIONS FOR OFFER​.‍OFFEROR EXPECTS TO SUBMIT REQUEST FOR REVIEW AND APPROVAL OF OFFER MEMORANDUM WITH AFM ON DEC 8.‍OFFER IS FOR ALL ISSUED AND OUTSTANDING ORDINARY SHARES OF REFRESCO AT AN OFFER PRICE OF EUR 20 (CUM DIVIDEND) IN CASH PER SHARE​.‍OFFER PERIOD CURRENTLY EXPECTED TO COMMENCE IN JANUARY 2018​.  Full Article

Refresco Q3 adjusted net profit decreases to 23 million euros
Thursday, 9 Nov 2017 01:30am EST 

Nov 9 (Reuters) - REFRESCO GROUP NV ::REG-REFRESCO REPORTS Q3 2017 RESULTS; PUBLIC OFFER FOR ALL SHARES OF REFRESCO AND THE ACQUISITION OF COTT'S BOTTLING ACTIVITIES ON TRACK.Q3 REVENUE EUR 583‍​ MILLION VERSUS EUR 572 MILLION YEAR AGO.Q3 ADJUSTED EBITDA EUR 61‍​ MILLION VERSUS EUR 68 MILLION YEAR AGO.Q3 ADJUSTED NET PROFIT EUR 23 MILLION VERSUS EUR 32 MILLION YEAR AGO.‍ANTICIPATE THAT PUBLIC OFFER ANNOUNCED ON OCT. 25 WILL CLOSE IN Q1 2018.‍EXPECTS ACQUISITION OF COTT'S BOTTLING ACTIVITIES​ TO CLOSE IN Q4 2017.  Full Article

UK's CMA ‍considering whether Cott Corp, Refresco Group NV deal will result in creation of relevant merger situation ‍​
Monday, 30 Oct 2017 03:17am EDT 

Oct 30 (Reuters) - UK'S CMA: :‍CONSIDERING WHETHER COTT COR, REFRESCO GROUP NV DEAL WILL RESULT IN CREATION OF A RELEVANT MERGER SITUATION ‍​.  Full Article

Refresco, PAI and bcIMC agree on cash public offer for all Refresco shares
Wednesday, 25 Oct 2017 01:30am EDT 

Oct 25 (Reuters) - REFRESCO GROUP NV ::REG-REFRESCO AND A CONSORTIUM OF PAI AND BCIMC AGREE ON A RECOMMENDED CASH PUBLIC OFFER OF EUR 20 PER SHARE FOR ALL SHARES OF REFRESCO.‍CONSIDERATION OF EUR 1.623 BILLION​.‍PREMIUM OF APPROXIMATELY 22% TO AVERAGE REFRESCO CLOSING SHARE PRICE OF EUR 16.37 SINCE ANNOUNCEMENT OF ACQUISITION OF COTT'S BOTTLING ACTIVITIES​.‍OFFER PRICE VALUES 100% OF SHARES AT EUR 1.623 BILLION​.‍OFFER PRICE EQUATES TO AN ENTERPRISE VALUE OF APPROXIMATELY EUR 3.3 BILLION​.  Full Article

Refresco receives renewed interest from PAI
Tuesday, 3 Oct 2017 02:45am EDT 

Oct 3 (Reuters) - REFRESCO GROUP NV ::REG-REFRESCO RECEIVES RENEWED INTEREST FROM PAI.‍HAS RECEIVED A NEW UNSOLICITED, INDICATIVE AND CONDITIONAL PROPOSAL FROM PAI PARTNERS SAS (PAI) ON 3 OCTOBER 2017​.‍POSSIBLE OFFER TO ACQUIRE ALL 81.2 MILLION ISSUED SHARES IN COMPANY FOR EUR 19.75 PER SHARE​.‍AGGREGATE CASH CONSIDERATION OF EUR 1.6 BILLION​.‍OFFER INCLUDES COTT'S BOTTLING ACTIVITIES, REFRESCO'S LATEST ACQUISITION WHICH IS EXPECTED TO SEE COMPLETION BEFORE YEAR-END​.  Full Article

Refresco shareholders approves to buy Cott's traditional beverage manufacturing business
Tuesday, 5 Sep 2017 08:04am EDT 

Sept 5 (Reuters) - Cott Corp :Cott announces Refresco shareholder approval received to acquire Cott's traditional beverage manufacturing business.Cott Corp - ‍acquisition is expected to close by end of 2017​.  Full Article

Refresco Group Q2 ‍adjusted EBITDA amounted down at 66 million euros
Thursday, 10 Aug 2017 01:30am EDT 

Aug 10 (Reuters) - REFRESCO GROUP NV ::Q2 VOLUME INCREASED 20.5% TO 2,052 MILLION LITERS.Q2 ‍ADJUSTED EBITDA AMOUNTED TO EUR 66 MILLION (Q2 2016: EUR 68 MILLION)​.CASH AND CASH EQUIVALENTS AMOUNTED TO €131 MILLION AT END JUNE 2017 (DECEMBER 31, 2016: €139 MILLION).Q2 NET PROFIT EUR 27 MILLION VERSUS EUR 29 MILLION YEAR AGO.Q2 ‍GROSS PROFIT MARGIN PER LITER AMOUNTED TO 13.4 EURO CENTS (Q2 2016: 14.0 EURO CENTS). LIKE-FOR-LIKE GROSS MARGIN PER LITER WAS 13.9 EURO CENTS​.IN MEDIUM TERM TARGETS AN AVERAGE ORGANIC VOLUME GROWTH IN LOW TO MID-SINGLE DIGITS BASED ON CURRENT MARKET OUTLOOK.IN MEDIUM TERM GROSS PROFIT MARGIN PER LITER IS EXPECTED TO COME DOWN MARGINALLY DUE TO PRODUCT MIX EFFECTS.Q2 REVENUE EUR ‍643​ MILLION VERSUS EUR 559 MILLION YEAR AGO.FOR 2017, EXPECTS GROSS PROFIT MARGIN PER LITER TO COME DOWN DUE TO CHANGE IN PRODUCT MIX RELATING TO INTEGRATION OF 2016 ACQUISITIONS.  Full Article

Refresco acquires Cott's bottling activities
Tuesday, 25 Jul 2017 07:30am EDT 

July 25 (Reuters) - Cott Corp ::Refresco acquires cott's bottling activities.Cott Corp - deal for ‍usd 1.25 billion​.Cott Corp - financing fully underwritten, refresco expects a share issue of approximately eur 200 million.Cott Corp - refresco intends to finance acquisition with debt.Transaction unanimously recommended and supported by refresco's executive board and supervisory board.Cott Corp - ‍acquisition is expected to be earnings accretive by approximately 5% in first full year of consolidation​.Cott- ‍if deal is terminated due to failure to obtain shareholder approval for required resolution, refresco will owe co termination fee of 1.6%.Cott Corp - refresco will finance acquisition with debt, for which it has fully underwritten facilities; intends to bring down leverage over time.  Full Article

Cott announces sale of its traditional beverage business to Refresco for $1.25 bln
Tuesday, 25 Jul 2017 02:00am EDT 

July 25 (Reuters) - Cott Corp :Cott announces agreement to sell its traditional beverage manufacturing business to Refresco in all-cash transaction.Deal for $1.25 billion dollars.Deal includes Cott's North America, UK, and Exico businesses (excluding RCI international division and its associated concentrate facility as well as Aimia Foods Division).Says this will shift Cott's core focus to growing categories of water, coffee, tea and filtration.Cott to reduce leverage to below 3.5x net debt to 2017 pro forma adjusted EBITDA (excluding Cott beverages) after sale proceeds are used.Cott says sale proceeds used for redemption of $250 million of 10 per cent DS senior secured notes, $525 million of our 5.375 per cent notes, paying off asset-based lending facility.  Full Article

Refresco reports strong volume growth in Q1 2017
Thursday, 11 May 2017 01:30am EDT 

May 11 (Reuters) - REFRESCO GROUP NV ::REG-REFRESCO REPORTS STRONG VOLUME GROWTH IN Q1 2017.Q1 GROSS PROFIT MARGIN PER LITER WAS 14.1 EURO CENTS (Q1 2016: 14.6 EURO CENTS)..Q1 ADJUSTED EBITDA INCREASED 8.5% TO EUR 37 MILLION.Q1 ADJUSTED EPS INCREASED 2.7% TO 7.5 EURO CENTS.Q1 VOLUME INCREASED 26.4% TO 1,674 MILLION LITERS. ORGANIC VOLUME GROWTH WAS 2.3%.Q1 ADJUSTED NET PROFIT EUR 6 MILLION VERSUS EUR 6 MILLION YEAR AGO.Q1 CO-PACKING VOLUME INCREASED TO 37.1% OF TOTAL VOLUME.IN THE MEDIUM TERM REFRESCO TARGETS AN AVERAGE ORGANIC VOLUME GROWTH IN THE LOW TO MID-SINGLE DIGITS BASED ON CURRENT MARKET OUTLOOK.GROSS PROFIT MARGIN PER LITER IN THE MEDIUM TERM IS EXPECTED TO COME DOWN MARGINALLY DUE TO PRODUCT MIX EFFECTS.FOR 2017, WE ALSO EXPECT THE GROSS PROFIT MARGIN PER LITER TO COME DOWN DUE TO THE CHANGE IN PRODUCT MIX RELATING TO THE INTEGRATION OF THE 2016 ACQUISITIONS.  Full Article

BRIEF-Refresco and consortium of PAI and bcIMC anticipate offer launch in January 2018

* REG-REFRESCO AND A CONSORTIUM OF PAI AND BCIMC ANTICIPATE OFFER LAUNCH IN JANUARY 2018