Acquisition questionedThis article was originally published in Foodnews
PEPSI-Cola's reported buy-out of Russian fruit juice maker Lebedyansky is in question. The Moscow Times quotes Nikolay Bortsov, a former Lebedyansky director and owner of a 30% share of the company, as saying there had been no talks between the two companies. Bortsov's son Yuri, Lebedyansky's chairman, has a 25.13% shareholding, while 23.87% of shares are freely floated. PepsiCo, which currently holds just 2% of the Russian juice market through its Tropicana brand, does not have its own juice-producing facilities in Russia. Analysts said the deal became more likely after private equity group Lion Capital agreed to buy PepsiCo's previous target, Russia's third-largest fruit juice maker, Nidan Soki.