Cadbury (CBY) sells its Australian drinks unit to Japan's Asahi for £550M. The sale marks...

|About: Cadbury plc (ADR) (CBY)|By:, SA News Editor

Cadbury (CBY) sells its Australian drinks unit to Japan's Asahi for £550M. The sale marks Cadbury's full retreat from soft drinks, having spun off Dr Pepper Snapple (DPS) in May. Note that Coca-Cola (KO), which has an option to negotiate for the unit, must still sign off.