Australian private equity firm Platinum Investment Management has acquired a 5% stake in Pepsi-Cola Products Philippines.

Pepsi-Cola Philippines announced the move in a stock exchange filing today (9 December).

Platinum held 190.756m shares in the soft drinks group as of 28 November, according to the filing. Further details were unavailable.

Platinum is an Australian based investmunt fund, claiming to manage almost A$14bn (US$9.1bn).