RUSSIA: Lebedyansky dismisses PepsiCo takeover talk

By | 17 August 2007

Lebedyansky has denied that it is in line to be bought by PepsiCo.

The Russian juice company hit the headlines earlier this week, when local reports claimed it was in talks with PepsiCo over a possible takeover.

The reports said that PepsiCo was discussing taking a 76% stake in Lebedyansky from its majority shareholders in a deal worth over US$1.5bn. PepsiCo declined to comment on the rumours when contacted by just-drinks earlier this week.

The local reports claimed that a deal between the two could be signed as early as next month, with the deal set to complete before the end of the year.

Speaking exclusively to just-drinks today (17 August), however, a spokesperson for Lebedyansky denied that any such talks were taking place. "These reports are purely market speculation," the spokesperson said. "We are not currently talking to PepsiCo."

Separately, the spokesperson confirmed that the company is planning to invest around US$200m in increasing production capacity over the next two years. "We shall build a new plant in Novosibirsk in Siberia, and also look to build new warehouses at our other three plants in Russia," the spokesperson said.

The Novosibirsk plant should be fully operational by October 2009, reports claimed last week.

Sectors: Soft drinks, Water

Companies: PepsiCo, Lebedyansky

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