Nod for PepsiCo's stake deal
Source: Bloomberg News |
March 30, 2012, Friday
|
Print Edition
Print Edition
PEPSICO Inc has received regulatory approval yesterday from China's Ministry of Commerce for its plan to swap its bottling operations in China for a stake in Tingyi (Cayman Islands) Holding Corp's beverage business.
PepsiCo will transfer equity interests in bottling operations in China to Tingyi-Asahi Beverages Holding Co under the deal in November. In exchange, PepsiCo will get 5 percent of Tingyi-Asahi, and may raise the stake to 20 percent by October 2015.
PepsiCo aims to maximize growth in China and the alliance may narrow the gap with Coca-Cola Co in the world's fastest-growing drinks market where PepsiCo ranked fourth in the country's soft-drink market and Coca-Cola was No. 1 in 2010.
PepsiCo will transfer equity interests in bottling operations in China to Tingyi-Asahi Beverages Holding Co under the deal in November. In exchange, PepsiCo will get 5 percent of Tingyi-Asahi, and may raise the stake to 20 percent by October 2015.
PepsiCo aims to maximize growth in China and the alliance may narrow the gap with Coca-Cola Co in the world's fastest-growing drinks market where PepsiCo ranked fourth in the country's soft-drink market and Coca-Cola was No. 1 in 2010.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
