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PepsiCo to sell up to all of its stake in Britvic

Monday 5th June 2017


PepsiCo said on Thursday it had decided to sell up to all of its long-held 4.5 per cent stake in Britvic, the British soft drinks company which is its UK bottler. The US beverage and Frito Lay snacks group said the disposal would not affect what it described as its “longstanding and valued bottling relationship with Britvic.” PepsiCo, which is in the middle of a five-year $5bn cost-cutting programme, stands to raise £85m from the sale, on the basis of its 11.8m Britvic shares, which closed at 723p on Thursday.


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