The world's No 2 soft drink firm PepsiCo has agreed to buy Russia's top juice maker Lebedyansky for $1.5-2 billion to boost its modest Russian juice market share, a newspaper reported on Monday.
Kommersant business daily said the deal would take place before the year end, and PepsiCo would buy over 76 percent of Lebedyansky for $1.5-$2 billion, implying a possible premium to its market capitalisation, which at Friday's closing price was $1.95 billion for the whole company. A spokesman for Lebedyansky declined to comment. PepsiCo was unavailable to comment.
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