The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry

Cadbury plc recently announced the completion of the demerger of its Americas Beverages business to Dr Pepper Snapple Group, Inc.

The Cadbury reduction of capital was confirmed by the High Court on 6 May 2008 and Cadbury has today filed the court order at Companies House effecting the demerger.

Pursuant to the reduction of capital, the share capital of Cadbury has been reduced by cancelling the Cadbury beverage shares in their entirety and by decreasing the nominal value of each Cadbury ordinary share from 500 pence to 10 pence, thereby establishing distributable reserves in Cadbury of approximately £6.6billion.

The distributable reserves will be available at the discretion of the directors for the purpose of future distributions to shareowners.