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PepsiCo to Sell Tropicana, Other Juices Brands to French Firm for $3.3 Billion
Published August 4th, 2021 - 07:30 GMT
The transaction is expected to close in late 2021 or early 2022, subject to customary conditions, including works council consultations and regulatory approvals. (Shutterstock)
PepsiCo is to sell Tropicana, Naked and other juice brands to French private equity firm PAI Partners for about $3.3 billion as it seeks to bolster its balance sheet and focus on healthier snacks and zero-calorie drinks.
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Watch: PepsiCo is selling juices like Tropicana for $3 billion in cash. CEO Ramon Laguarta seems focused on flogging zero-calorie tipple to increasingly obese consumers, which is why LBO firm PAI got a cheap deal, says @dasha reuters on @Breakingviewshttps://t.co/x69ZSWAfW9pic.twitter.com/K6Jkz73gf6 ....

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