Submitted by Pepsico Worker on Mon, 06/12/2010 - 17:31
December 2, PepsiCo announced another major acquisition in Russia – namely, dairy and juice producer Wimm-Bill-Dann (WBD).
PepsiCo is acquiring a 66% stake for 3,8 billion USD, subject to regulatory approval, and announced plans to buy the remaining stocks in the future, This follows the acquisition in 2008 of Lebedyansky, another major juice producer in the country.