PepsiCo has confirmed that it plans to reduce its stake in its bottler PepsiAmericas, according to a recent filing.

PepsiCo, which owns a 44% stake in PepsiAmericas, was cited in a corporate filing on Monday (19 November) as having authorised a reduction of "no less than 37%" in its stake over several years.

PepsiCo reportedly said it does not intend for the reduction in ownership to affect its commercial or other relationships with the company.

No-one was available for comment at PepsiCo when contacted by just-drinks today (21 November).