TAP expands its non-alcoholic portfolio with a strategic partnership and investment in Fever-Tree, targeting growth in the U.S. market.

Fevertree Drinks Plc surged after US brewer Molson Coors Beverage Co. agreed to buy a stake in the tonic and mixer maker.

By Shashwat Awasthi (Reuters) -Shares of Fevertree Drinks surged almost 24% after Molson Coors took an 8.5% stake in a $88 million deal that gives the beer giant exclusive rights to market the British company's cocktail mixers and tonic water in the United States.