Tag: Lesotho
Varun Beverages to acquire South African bottler for Rs 1,320 crore
[ad_1] Varun Beverages (VBL), one of PepsiCo’s leading bottling and manufacturing firm globally, is aiming to acquire 100 per cent stake in a South Africa-based company named The Beverage Company (Proprietary) Ltd for Rs 1,320 crore. The deal is expected to be complete by 31 July, 2024, it said in a regulatory filing. The South Africa-based company and its wholly-owned subsidiaries – collectively known as Bevco – are engaged in the business of manufacturing and distribution of licensed (PepsiCo Inc.) and own-branded non-alcoholic beverages. Bevco has franchise rights from PepsiCo Inc. in South Africa, Lesotho and Eswatini. Further, it also ... Read more