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Asahi Group Holdings Ltd And PT Indofood Asahi Sukses Beverage's Joint Venture Executes Share Purchase Agreement To Acquire Indonesian Beverage Company


Sunday, 7 Jul 2013 10:31pm EDT 

Asahi Group Holdings Ltd announced that PT Asahi Indofood Beverage Makmur (AIBM, Asahi‚Äôs consolidated subsidiary) and PT Indofood Asahi Sukses Beverage (IASB), each a joint venture company between Asahi and PT Indofood CBP Sukses Makmur Tbk (President Director and CEO: Mr. Anthoni Salim; ICBP) for non-alcoholic beverage businesses in Indonesia, entered into a share purchase agreement to acquire all the outstanding shares of PT Pepsi-Cola Indobeverages (PCIB), the exclusive bottler of PepsiCo, Inc. (PepsiCo) in Indonesia. AIBM and IASB will acquire all outstanding shares of PCIB from current shareholders, GU (holding 71.85%) and SUN (holding 28.15%). The purchase price is USD 30,000,000. PCIB will continue to bottle and sell PepsiCo products both during and after the completion of the transaction. 

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