InterContinental decides on Britvic exit

Britvic, the UK drinks group today priced its initial public offering at 230p and increased the size of the float after largest shareholder InterContinental Hotels Group decided to sell its entire 47.5% stake.

Bookrunners Citigroup and Deutsche Bank will now sell up to 202 million shares, representing 95% of the total, and deliver £464m (€394m) to the selling shareholders.

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