Pepsi Investing in China
The U.S. beverage and food company has said it planned to swap its holdings in its mainland China bottling operations for a stake in Tingyi to beef up its distribution in the fast-growing Chinese market.
PepsiCo transferred its interests in its bottling operations in China to Tingyi-Asahi Beverages Holding Co., acquiring in return a 5% indirect stake in Tingyi's drinks subsidiary. PepsiCo has the option to increase that stake to 20% by 2015.
From the April 2, 2012, Prepared Foods’ Daily Update