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Asahi Group Holdings Ltd and Indofood Cbp Sukses Makmur Tbk PT’s Joint Ventures to Fully Acquire PT Pepsi-Cola Indobeverages

Thursday, 27 Jun 2013 05:00am EDT 

Asahi Group Holdings Ltd announced that PT Asahi Indofood Beverage Makmur and PT Indofood Asahi Sukses Beverage, which are two joint ventures between Asahi Group Holdings and Indofood Cbp Sukses Makmur Tbk PT, will acquire a 71.85% stake in PT Pepsi-Cola Indobeverages from PT Gapura Usahatama and a 28.15% stake from Seven-Up Nederland B.V. (a total of 100% stake) for USD 30 million in late August 2013. PT Pepsi-Cola Indobeverages is engaged in manufacture and sale of soft drinks and carbonated drinks. 

Company Quote

-16.5 -0.52%
19 Sep 2014