icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm
13 Aug, 2007 21:38

PepsiCo to acquire Russian major juice producer

Russian media outlets are reporting PepsiCo plans to buy up to 70% of Russian juice producer Lebediansky, in a deal worth up to $US 2 BLN.

Lebediansky shares have jumped by almost 18% on the RTS over the last month, topping $US 95 per share, which may boost the price of any deal.

Analysts say Lebediansky, which currently has a third of Russia's juices market, is a likely candidate for acquisition by a multinational like Pepsi.