PepsiCo (PEP) will buy a 66% stake in Russian food and beverage company Wimm-Bill-Dann Foods for $3.8 billion.
The deal will make Pepsi the largest food and beverage company in Russia, the company said in a statement. It will also boost annual global revenues from “nutritious and functional foods” to almost $13 billion from around $10 billion today.
“Adding Wimm-Bill-Dann to PepsiCo’s portfolio…
Continue reading Pepsi to Take $3.8 Billion Stake in Russian Company
Pepsi to Take $3.8 Billion Stake in Russian Company originally appeared on DailyFinance on Thu, 02 Dec 2010 07:08:00.
Filed Under: Company News, Pepsico, Retail