PepsiCo, bottler buy major stake in Ukranian juice company
-
- June
- 7
PepsiCo and an affiliated bottler announced today that the two companies have agreed to jointly acquire 80 percent of Sandora LLC, a Ukrainian juice company, for $542 million and assumed debt.
With 46 million consumers, Purchase-based PepsiCo and Minneapolis-based PepsiAmericas Inc., stand to benefit greatly from the growing Ukrainian beverage market, the companies said.
The deal is expected to close in the third quarter.
PepsiCo will hold a 40-percent stake in the company and oversee the brand development, the companies said.
The companies expect to acquire the remaining 20 percent of Sandora in November, they said.
This entry was posted
on Thursday, June 7th, 2007 at 5:56 pm by David Schepp.
You can follow any responses to this entry through the RSS 2.0 feed.
Share and Enjoy: 
| 
Print
| 
Email
