The U.S. soft drink and snack giant will acquire a 75.53% stake in Lebedyansky, which is currently held by its four largest individual shareholders, together with its bottling and distribution partner, The Pepsi Bottling Group, or PBG, the companies said in a statement.
The transaction, which represents the largest foreign investment in the country's soft drink market, would exclude Lebedyansky's baby food and mineral water businesses, which are to be spun off to the company's current shareholders.