Lucozade and Ribena brands 'set for £1bn takeover'

Drinks brands Lucozade and Ribena were today reported to be a £1bn takeover target for the owner of Irn-Bru.

AG Barr, which recently failed to pull off a deal with Britvic to create Europe’s largest soft drinks company, is expected to open talks with private equity firms with a view to launching a joint bid for the brands, the Sunday Times said.