Russian watchdog favours PepsiCo’s buy of WBD – Ifax

MOSCOW, Dec 27 (BestGrowthStock) – Russia’s competition
watchdog sees no major issues with PepsiCo’s plan
to buy juice and dairy company Wimm-Bill-Dann
, Interfax news agency reported on Monday.

“We are thinking well (of the deal), there are no big
issues,” Igor Artemyev, head of the Federal Anti-monopoly
Service, was quoted as saying.

Earlier this month, U.S. giant PepsiCo said it would buy
control of WBD for $3.8 billion — one of the biggest
acquisitions by a foreign company in Russia — as it looks to
emerging markets for growth. [ID:nLDE6B119G]

Artemyev said PepsiCo’s share of the Russian juice market
will not exceed 45 percent following the transaction, and it
will also control 30 percent of the country’s dairy market.
(Reporting by Maria Kiselyova; Editing by Anshuman Daga)

Russian watchdog favours PepsiCo’s buy of WBD – Ifax