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One of PepsiCo’s largest acquisitions outside U.S. approved

Christian Fernsby |
The Competition Tribunal has issued an order, giving approval to PepsiCo’s indirect acquisition of Pioneer Food Group Limited, through PepsiCo’s South African subsidiary, Simba.

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Topics: PEPSICO    U.S.   

The merger, one of PepsiCo’s largest acquisitions outside the U.S., is subject to several public interest conditions.

It is also the first major transaction in which the promotion of a greater spread of ownership in firms in particular, by workers and historically disadvantaged persons is a central issue when assessing a proposed merger under the newly implemented provisions of the Competition Amendment Act.

PepsiCo, known to be one of the world’s largest food and drink companies, owns brands including Pepsi, Lays, Doritos and Gatorade.

Pioneer is one of the largest South African producers and distributors of a range of branded food and beverage products including Weet-Bix, Liqui-Fruit, Ceres, Sasko, Safari, Spekko and White Star.

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