Varun Beverages Ltd (VBL), a major PepsiCo franchise bottler globally, announced the acquisition of South Africa s Beverage Company (Bevco) and its subsidiaries at a Rs 1,320 crore enterprise value. The move aims to expand VBL s presence in the African market, where Bevco holds PepsiCo franchise rights. VBL anticipates completing the cash transaction before July 31, 2024
Pepsi India bottler Varun Beverages announced that it will acquire South Africa based The Beverage Company (BevCo) for Rs 1,320 crore or $158.71 million.
Get latest articles and stories on Latest News at LatestLY. Varun Beverages Ltd (VBL), PepsiCo's largest franchise bottler, on Tuesday announced the acquisition of South Africa-based Beverage Company (Bevco) along with its wholly-owned subsidiaries at an enterprise value of Rs 1,320 crore, which will help it expand geographical footprint in the African market. Latest News | Varun Beverages to Acquire Pepsico's South Africa Bottler Bevco.
Varun Beverages to acquire South Africa s BevCo - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
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