Summary
[Pepsi sells juice brand for US$3.3 billion]According to CNBC reports, on the 3rd local time, PepsiCo announced that it has agreed to sell Tropicana, Naked and other North American juice brands to French private equity investment company PAI Partners. This transaction will bring PepsiCo’s net income of 3.3 billion U.S. dollars in pre-tax cash, and PepsiCo will also acquire a 39% stake in the newly established joint venture with PAI. In addition, Pepsi will retain the exclusive distribution rights of these juice brands in the United States. The transaction is expected to be completed at the end of 2021 or early 2022. (CCTV Finance)
According to CNBC reports, on the 3rd local time,PepsiThe company announced that it has agreed to sell Tropicana, Naked and other North American juice brands to French private equity investment company PAI Partners.This transaction will bePepsiBringing in net cash income of $3.3 billion before taxes, and at the same timePepsiIt will also acquire a 39% stake in a newly established joint venture with PAI. In addition, Pepsi will retain the exclusive distribution rights of these juice brands in the United States. The transaction is expected to be completed at the end of 2021 or early 2022.
(Source: CCTV Finance)
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