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Federal Antimonopoly Service (FAS) of Russia has received a petition of the American Pepsico to buy Russia's largest producer of dairy products and drinks Wimm-Bill-Dann Foods (WBD) the Deputy Head of FAS Andrei Tsyganov reported.
The deal to buy Wimm-Bill-Dann costs over $5.8 billion. Initially, Pepsico will acquire 66% stake in Wimm-Bill-Dann from main shareholders for $3.8 billion, and then will give an offer to purchase the remaining shares.
Tsyganov said that the transaction will be considered by the government commission to monitor foreign investments at the next meeting.,The date of the committee meeting is not yet assigned, but most likely it will take place until the end of the year.
The deal to buy Wimm-Bill-Dann costs over $5.8 billion. Initially, Pepsico will acquire 66% stake in Wimm-Bill-Dann from main shareholders for $3.8 billion, and then will give an offer to purchase the remaining shares.
Tsyganov said that the transaction will be considered by the government commission to monitor foreign investments at the next meeting.,The date of the committee meeting is not yet assigned, but most likely it will take place until the end of the year.
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