Mondelez in talks to buy Cadbury license from Burton’s: Reuters

Oreo cookie maker Mondelez International Inc (MDLZ.O) is in talks to buy the license to make Cadbury biscuits from U.K.-based biscuit maker Burton’s Biscuits Co, Sky News reported.

U.S.-based Mondelez has offered to pay about 200 million pounds for the license, the news website reported on Wednesday, citing people familiar with the matter.

The talks are at an early stage and may not result in a deal, the people said.

Burton’s, owned by Ontario Teachers’ Pension Plan, makes biscuits such as Cadbury Fingers under license from Cadbury UK.

The report comes weeks after Mondelez made a bid for Hershey Co (HSY.N), which makes Kisses chocolates, for US$23 billion (£17.4 billion). Hershey rejected the offer.

Mondelez already owns chocolate maker Cadbury Ltd, which it bought for about US$19 billion in 2010.

Mondelez was not immediately available for comment.

A Burton’s spokeswoman said the company did not comment on speculation.

(Reporting by Gayathree Ganesan and Subrat Patnaik in Bengaluru; Editing by Kirti Pandey)

Photo courtesy of Reuters/Michael Buholzer