PepsiCo
PepsiCo and the Pepsi Bottling Group Complete Acquisition of Majority Stake in Russian Juice Leader
Published in Lab Law Weekly, September 12th, 2008
PepsiCo (NYSE:PEP) and The Pepsi Bottling Group (NYSE:PBG) announced that they have completed a joint acquisition of a 75.53% stake in Russia's leading branded juice company JSC Lebedyansky (RTS: LEKZ). PepsiCo and PBG will initiate a mandatory offer for the remaining shares of Lebedyansky, in accordance with Russian law, in the near future. The acquisition does not include the company's baby food and mineral water businesses, which earlier were spun off to shareholders in a separate transaction.
Lebedyansky is the world's sixth-largest juice manufacturer and the largest in Russia, with an estimated market share in Russia of around 30% and annual revenues in 2007 of...
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Source: Lab Law Weekly (2008-09-12)
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