‘Schweppes acquisition to boost Delta’

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DELTA Corporation’s recent acquisition of a controlling stake in Schweppes Holdings Africa is set to push the beverage giant’s annual revenue beyond the US$900 million mark in the current financial year, according to market experts.

Last month, Delta increased its shareholding in Schweppes to 69 percent, up from the 49 percent it acquired in 2009. A local consortium, Waterton Investments, previously held the majority stake.

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