Pepsico (PEP)

International Dairy and Juice Limited, a joint venture between PepsiCo and Almarai Company Limited, announced that it has acquired Egypt's International Company for Agro-Industrial Projects (Beyti), a producer of high-quality dairy and juice products.
International Dairy acquired the 100% stake in Beyti from Almarai, which acquired it in October 2009 and transferred it to the joint venture at cost. Financial terms of the transaction were not disclosed.

Jan 1 · 3:47:00 PM · Source: Reuters
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by Michael Oliveto