Published 3 years ago

PepsiCo to sell Tropicana, other juice brands for $3.3 billion

Summary by Ground News

PepsiCo to offload majority stake in Tropicana and other juice brands. New York-based drinks and snack giant said it would retain a 39% interest. Deal reflected declining sales of sugary fruit juices since early 2000s. It is expected to close late this year or early next year.

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Times of India

PepsiCo to sell Tropicana, other juices, in $3.3 billion deal

PepsiCo will sell Tropicana and other juices to a private equity firm in exchange for pretax proceeds of $3.3 billion. PepsiCo will have a 39 per cent non-controlling stake in a newly formed joint venture in the deal with PAI Partners.

3 years ago·India

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The Independent

PepsiCo to sell Tropicana, other juice brands for $3.3 billion

The sale will give PepsiCo the funds to develop and grow its portfolio of health-focused snacks and zero-calorie beverages

3 years ago·London, United Kingdom

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Reuters

PepsiCo to sell Tropicana, other juice brands for $3.3 billion

PepsiCo Inc (PEP.O) unveiled a $3.3 billion sale of its Tropicana and other juice brands in North America to French private equity firm PAI Partners on Tuesday, as it looks to simplify its product range and move away from high-sugar drinks.

3 years ago·United Kingdom

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Associated Press News

PepsiCo to sell Tropicana, other juice brands, in exchange for $3.3 billion in pretax proceeds

NEW YORK (AP) — PepsiCo to sell Tropicana, other juice brands, in exchange for $3.3 billion in pretax proceeds.

3 years ago·United States

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abc News

PepsiCo to sell Tropicana, other juices, in $3.3B deal

PepsiCo will sell Tropicana and other juices to a private equity firm in exchange for pretax proceeds of $3.3 billion

3 years ago·United States

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CNN

PepsiCo is selling Tropicana as customers continue to ditch juice

PepsiCo is selling a controlling stake of its juice brands, which includes Tropicana and Naked, to a private equity firm in a multibillion dollar deal. The sale is part of the company's broader efforts to focus on faster-growing beverages as customers increasingly ditch sugary drinks.

3 years ago·Atlanta, United States

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