News

RUSSIA: PepsiCo secures Wimm-Bill-Dann buy approval

Most popular

How COVID has changed consumers' shopping habits

COVID is opening up aged spirits to a new world

How COVID has driven at-home indulgence - trends

Pernod Ricard Performance Trends 2016-2020 - data

PepsiCo's Driftwell launch a seachange for drinks

MORE

PepsiCo has received approval from the Russian competition regulator to acquire Wimm-Bill-Dann.

//i4.aroq.com/1/wimm-bill-dann-pepsico2.jpg

The snacks and soft drinks giant announced it had struck a deal to buy a 66% stake in the firm for US$3.8bn last month. PepsiCo, which already has a growing presence in Russia, said the deal would make it the "largest food-and-beverage business" in the country.

In a statement today (27 January), PepsiCo said the Federal Antimonopoly Service of the Russian Federation had issued approvals for the acquisition.

PepsiCo has therefore received all regulatory approvals required as conditions to complete the acquisition.

Completion is expected on 8 February, after which, PepsiCo will own around 77% of Wimm-Bill-Dann. PepsiCo has accumulated the additional 11% share since 2 December.

The firm added that it will now generate annual global revenues of US$13bn from nutritious and functional foods, from about $10bn currently.


Related Content

Indra Nooyi leaves PepsiCo in good shape, but what lies ahead for Ramon Laguarta? - Comment

Indra Nooyi leaves PepsiCo in good shape, but what lies ahead for Ramon Laguarta? - Comment...

PepsiCo takes control of SodaStream International in US$3.2bn deal

PepsiCo takes control of SodaStream International in US$3.2bn deal...

RUSSIA: Wimm-Bill-Dann Q1 hit by FOREX

RUSSIA: Wimm-Bill-Dann Q1 hit by FOREX...

The just-drinks interview – PepsiCo International

The just-drinks interview – PepsiCo International...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?