7 June 2007 – Leading Ukrainian soft drinks producer will reportedly be acquired by Coca-Cola or PepsiCo in the coming days, as the two beverage giants are the only bidders left for the company, sources close to the Ukrainian firm told 'Dow Jones Newswires'.
Several private equity firms, such as Advent International and Mid Europa Partners, reportedly pulled out of the race. Russian baby food and fruit juice manufacturer Lebedyansky was also in the race, said the sources.
The news agency also reports that Sandora is valued between USD 600 million and USD 700 million.
Deutsche Bank AG has been appointed the advisor for the auction process.
Sandora is a leading manufacturer of branded packaged juices and nectars in Ukraine. Located in Southern Ukraine, Sandora produces a wide range of natural juices and nectars from locally grown fruits and vegetables and imported concentrated juices under several well-established brands.