RUSSIA: Lebedyansky pays dividends for 2006

By just-drinks.com editorial team | 22 August 2007

Lebedyansky has paid a dividend for common stocks for 2006.

The Russian juice company said yesterday (22 August) that the dividend payout was approved on 20 June at an AGM. The company paid RUB580m (US$22.5m) at RUR28.4 ($1.1) per share.

The Russian juice company hit the headlines last 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, although a spokesperson for Lebedyansky denied that any talks were taking place.

The 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.

Sectors: Soft drinks, Water

Companies: Lebedyansky, PepsiCo