PepsiCo Swaps China Bottling Business to Expand Drinks Share – BusinessWeek
 Moneycontrol.com |
PepsiCo Swaps China Bottling Business to Expand Drinks Share
BusinessWeek 4 (Bloomberg) — PepsiCo Inc. will exchange its bottling operations in China for a stake in the beverage business of Tingyi (Cayman Islands) Holding Corp. in an effort to narrow the gap with Coca-Cola Co. in the world's fastest- growing beverage market … PepsiCo to sell China drinks business to Tingyi-source * Tingyi to acquire PepsiCo's China operations excluding food business PepsiCo swaps China bottling ops for Tingyi stake |