Pacific

Japan's Suntory to buy GSK drink brands for $2.1 bn

A woman sips a Ribena drink in London, March 28, 2007. Japanese drinks giant Suntory Holdings is to buy the Lucozade and Ribena brands from British drugs firm GlaxoSmithKline for $2.1 billion.

A woman sips a Ribena drink in London, March 28, 2007. Japanese drinks giant Suntory Holdings is to buy the Lucozade and Ribena brands from British drugs firm GlaxoSmithKline for $2.1 billion.  (AFP/File)

Japanese drinks giant Suntory Holdings said Monday it would buy the Lucozade and Ribena brands from British drugs firm GlaxoSmithKline for $2.1 billion.

The deal, part of Suntory's bid to expand overseas to counter a shrinking domestic market, was expected to be completed by the end of the year, Suntory said.

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