Pepsi bought itself into the Russian juice market

by Shayna Glick, Posted Mar 21st 2008 @ 10:01AM

Pepsi Co is already a soft drink powerhouse with a global footprint. The soda maker has production outlets and sub brands in most countries around the world. Now Pepsi Co is expanding into the Russian juice market.

The multi national company is spending $1.4 billion on about 75% ownership of Russia's largest juice maker, JSC Lebedyansky. This deal doesn't include Lebedyansky's baby food or mineral water divisions. Nope, Pepsi just wants the juice, thanks.

The deal has to be be given regulatory clearances from the government and the current shareholders will have to approve the spin off of the two rejected divisions of the Russian company. Also, Pepsi Co will have to offer to buy the rest of the shares of Lebedyansky from shareholders, according to Russian law. Other than that, Pepsi is in the clear to expand into the growing juice market to its heart's content.

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Filed Under: Business, Drink Recipes
Tags: juice, Pepsi, Russia, soda, soft drinks