Tata Consumer to Acquire PepsiCo 50% Stake in NourishCo Beverages
May 18 2020 - 11:43PM
Dow Jones News
By P.R. Venkat
Tata Consumer Products Ltd. has agreed to acquire PepsiCo Inc.'s
50% stake in an Indian joint-venture company NourishCo Beverages
Ltd.
The acquisition is in line with the company's focus on widening
its portfolio in the food-and-beverage space, Tata Consumer said
late Monday.
NourishCo Beverages is a joint venture between PepsiCo and
NourishCo.
"The liquid beverages category has exciting growth potential and
this move will help us strengthen and widen our presence in it,"
Tata Consumer's chief executive Sunil D'Souza said.
Financial details of the transaction weren't disclosed.
Write to P.R. Venkat at venkat.pr@wsj.com
(END) Dow Jones Newswires
May 18, 2020 23:28 ET (03:28 GMT)
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