Acquisitions19 Dec 2023, 09:15 pm
Varun Beverages to acquire 100% stake in The Beverage Company (Proprietary) Limited
AI Summary
The Board of Directors of Varun Beverages has approved the acquisition of 100% stake in The Beverage Company (Proprietary) Limited, a beverage manufacturing and distribution company in South Africa, with an option to accept minority co-investment from PepsiCo Inc. and other equity funds.,
Key Highlights
- Acquisition of 100% stake in The Beverage Company (Proprietary) Limited
- Option to accept minority co-investment from PepsiCo Inc. and other equity funds
- Expansion into South African beverage market