Beverage maker shells out $3.8 billion for 66% stake in dairy and juice company.
PepsiCo is tapping into growth in the Russian economy by taking a 66% stake in Russian dairy and juice company Wimm-Bill-Dann Foods.
PepsiCo ( PEP - news - people ) said Thursday it is paying $3.8 billion for the stake and will offer to acquire the remaining shares of Wimm-Bill-Dann Foods ( WBD - news - people ) following the completion of the acquisition, on terms as are mandated by Russia law.