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

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InterContinental Hotels Group PLC Announcement of Disposal of Remaining Interest in Britvic plc
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 2005-12-14 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.