Cadbury purchase may lead to delisting on Istanbul exchange

Cadbury Schweppes' purchase of a majority stake in Kent, Turkey's largest confectionery manufacturer, may lead to Kent's delisting from the Istanbul Stock Exchange in May 2002

Cadbury has agreed to buy a 51% equity interest in Kent together with a 60% equity interest in its distribution arm, Birlik, from the Tahincioglu family, Kent's founding family shareholders. Cadbury will pay Kent an initial £67m (€110m) in cash and assumed debt.

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