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InterContinental Hotels Group PLC Announcement of Disposal of Remaining Interest in Britvic plc

Category: Worldwide
This is a press release selected by our editorial committee and published online for free on Wednesday 14 December 2005

InterContinental Hotels Group PLC (“IHG”) announces that it has received notice of intention to exercise the over-allotment arrangement granted in respect of 23 million shares in Britvic plc. Once exercised, IHG will have disposed of 100% of its holding in Britvic plc.


Proceeds of £53 million are expected to be received in relation to the over-allotment arrangements. This will bring the total proceeds received from the disposal of IHG’s entire interest in Britvic plc (including special dividends but before deducting any commissions or expenses) to £371 million.




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