NEW YORK AP - PepsiCo Inc. is buying a majority stake in Wimm-Bill-Dann Foods for $3.8 billion, a deal that will make it the biggest food and beverage company in Russia.The deal is Pepsi's largest international acquisition ever. It gives the company dominant position in the fast-growing Russian market and furthers its plan to build its global nutrition business.
December 02, 2010 at 12:00 AM
1 minute read
NEW YORK AP – PepsiCo Inc. is buying a majority stake in Wimm-Bill-Dann Foods for $3.8 billion, a deal that will make it the biggest food and beverage company in Russia.
The deal is Pepsi’s largest international acquisition ever. It gives the company dominant position in the fast-growing Russian market and furthers its plan to build its global nutrition business.
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