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News 02.08.2011

PepsiCo Inc. To Acquire The Remaining Stake Of Russian Dairy Products And Juice Maker Wimm-Bill-Dann Foods

Late last year, Pepsi agreed to purchase a…

Late last year, Pepsi agreed to purchase a 66 % stake in Russia's largest food and beverage business for about $3.8 billion. The company was expected to buy the remaining stake at a future date.

The deal, which is expected to close by September, follows Pepsi's move in 2008 to pay $1.4 billion for control of Russian juice producer Lebedyansky.

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