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PepsiCo buys Russia's Wimm-Bill-Dann for $5.8 bln

© RIA Novosti . Ilya Pitalev / Go to the photo bankPepsiCo buys Russia's Wimm-Bill-Dann for $5.8 bln
PepsiCo buys Russia's Wimm-Bill-Dann for $5.8 bln - Sputnik International
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PepsiCo has signed a $5.8 billion deal to buy Wimm-Bill-Dann, one of Russia's leading dairy products producers, Wimm-Bill-Dann's co-owner and board member David Yakobashvili said on Thursday.

PepsiCo has signed a $5.8 billion deal to buy Wimm-Bill-Dann, one of Russia's leading dairy products producers, Wimm-Bill-Dann's co-owner and board member David Yakobashvili said on Thursday.

"We have signed an agreement, which binds us to sell shares for $132 per share, or $5.8 billion total, if PepsiCo gets approval from relevant bodies," Yakobashvili told RIA Novosti news agency.

MOSCOW, December 2 (RIA Novosti)

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