date:Feb 26, 2013
Coca-Cola is taking full control of Innocent smoothies in a deal that will make millions of pounds for the company's founders.
Coke, which first bought an 18% stake in the company in 2009, refused to disclose the terms of the deal but is likely to have paid substantially more than the 76m it paid for a further 38% in 2010.
The deal, which is subject to competition approval, will take Coke's stake above 90%, with the three founders retaining an undisclosed small, but significant stake.
Richard