InfoAnda - PepsiCo's Russia deal gets initial go-ahead

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Rights group: Violence threatens Afghan elections | 10 September 2010
French rocker Hallyday in hospital with bronchitis | | 28 August 2012
Bee Gee Robin Gibb wakes from coma: report | | 22 April 2012

The top films at the North American box office | | 17 December 2012

Forum Views () Forum Replies ()

Read more with google mobile : PepsiCo's Russia deal gets initial go-ahead

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Top Stories Most Popular Photos Full Coverage Sitemap PepsiCo's Russia deal gets initial go-ahead AFP - Tuesday, December 28 Send IM Story Print PepsiCo's Russia deal gets initial go-ahead MOSCOW (AFP) - – PepsiCo's biggest acquisition outside the United States made progress on Monday when the head of Russia's anti-monopoly service said he looked favourably on the US giant's takeover of a major local firm. PepsiCo -- which was the first US consumer goods company to break into the Soviet market in 1973 -- on December 2 said that it had agreed to pay 5.4 billion dollars (4.1 billion euros) for Russia's largest dairy and baby food producer Wimm-Bill-Dann. The takeover would be one of the biggest outside the Russian energy sector and enable PepsiCo to become not only the country's largest food-and-beverage business but also expand further into eastern Europe and the former Soviet states. Russia's Federal Anti-Monopoly Service (FAS) still needs to approve the acquisition and its chief told reporters Monday that he supported the deal. "We are well disposed toward this transaction," news agencies quoted FAS head Igor Artermyev as saying. "We see absolutely no problems there." He said that Russia's strict anti-monopoly laws would probably require the US food and beverage behemoth to produce quarterly reports that showed that its trade did not discourage competition on the local market. Wimm-Bill-Dann -- named in honour of its founder's love for tennis -- controls just over 40 percent of Russia juice and 30 percent of its dairy markets. It was not clear when a formal ruling on the deal would be issued although PepsiCo officials had previously said that they hoped to receive formal approval by April at the latest. The announced agreement envisions PepsiCo taking immediate control of a 66-percent stake in Wimm-Bill-Dann for 3.8 billion dollars. The remaining shares are to be bought progressively in an acquisition that PepsiCo hopes will enable it to establish a 30-billion-dollar nutrition business by 2020. Analysts said the deal should help support the Russian investment climate because it showed that the authorities were open to Western investments in some of the country's most lucrative fields. "This deal has unambiguously shown that it was not only theoretically possible to acquire a controlling stake of a Russian company after the crisis, but that it was also possible in practical terms," IFC Metropol analyst Hawk Sunshine wrote in an op-ed piece for the Vedomosti business daily. "Perhaps this should be seen as a sign of a shift in Russia's attitude toward foreign companies and a sign of its renewed interest in foreign investments." The 2009 global financial crisis shrank Russia's economy by 7.9 percent and set back President Dmitry Medvedev's efforts to invest in a diversification programme that could wean the country off its dependence on energy revenues. Analysts said that has made Western investments all the more important to Russia's future. "If the modernisation programme is going to work, the government will need to attract a lot more money than has been previously invested in Russia," said chief UralSib strategist Chris Weafer. "The next phase of Russia's development will have to be funded with increased levels of foreign investment." PepsiCo's choice of a Russian partner has fallen one of the the country's most well-respected consumer firms. Wimm-Bill-Dann was founded in 1992 and has managed to double its revenues since 2005 on the back of 20-percent annual accrued growth of the Russian dairy market. Recommend Send IM Story Print News Search Top Stories Tail end of US blizzard sows travel chaos Iraq oil production tops 2.6m barrels a day PepsiCo's Russia deal gets initial go-ahead Oil prices climb on US, European weather woes Israel to close door on African influx More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Playboy's Hefner proposes to 24-year-old Playmate Indonesia's dragons draw tourists to 'Jurassic' islands Israel to close door on African influx Tail end of US blizzard sows travel chaos Naked Aphrodite on Cyprus passport causes stir More Most Viewed » Defiant Obama defends tax cuts, eyes 2012 More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Tuesday, 28 December 2010
Twin suicide bombings kill 17 in Iraq's Ramadi
Parcel bomb found at Greek embassy in Rome
Tail end of US blizzard sows travel chaos
Swine flu kills 56 in Egypt since October
Iraq oil production tops 2.6m barrels a day
U.S. embassy in London was a target of UK suspects |
Taliban car bomb kills three in Kandahar
PepsiCo's Russia deal gets initial go-ahead
Iraq twin bombings kill seven
US-TECH Summary
Oil prices climb on US, European weather woes
Netanyahu says interim deal possible if talks fail |
'Three die, 12 hurt in Afghan car bomb attack'
Suicide bomber kills 3 in south Afghanistan
Pakistan regional party says ministers to quit |
Suicide car bomb kills 3 in south Afghan city
Car bomb kills 3 in south Afghan city
Zaheer, Harbajhan boost India in S.Africa Test
Venezuela arrests more than 12,000 for drug crimes |
Blast in south Afghan city of Kandahar kills 3
Suspect identified in Philippine Christmas attack
US-ENTERTAINMENT Summary
Natalie Portman pregnant, engaged to French dancer
IMF gives Pakistan nine-month extension on loan
Bubbles key to New Year's champagne: study
Hanoi's bird man sees legacy stolen, eaten
IMF extends Pakistan loan as economic reforms drag
Japan's sushi chefs to go on global training mission
Pakistani stocks, o/n rates end up; rupee firms
Tel Aviv bourse seeks to become high-tech centre |
US-TECH Summary
New Kindle becomes Amazon's all-time best seller
Germany reports 'sharp rise' in cyberattacks
Tel Aviv bourse seeks to become high-tech centre
Alanis Morissette gives birth to son |
Natalie Portman pregnant, engaged to French dancer |
Iran hangs 'Mossad spy'
Bomb at Rome embassy linked to anarchist attacks
Germans detained in Iran meet families
Russia finds oil tycoon guilty in second trial
Nine remanded in custody over British 'bomb plot'
Netanyahu says interim deal possible if talks fail
Japan DPJ's Ozawa to appear at ethics panel |
Strike call fails to hit main Ivory Coast city and ports |
No Israel apology on Turkish ship raid: Netanyahu |
Microfinance faces hurdles in empowering Afghan women |
Oscar ballots get mailed to voters
Nobel laureate Liu celebrates 55th birthday in prison
Wild Oats XI yacht leads Sydney to Hobart race
I overstepped the mark with umpire, says Ponting
South Korea's Lee says unity vital to counter North
Sandra Bullock in, "Jersey Shore" out in neighbor poll
New species abound in Peru, but so do threats
Pakistan regional party says ministers to quit
'Little Fockers' tops N.American box office
Flooding prompts evacuations in Australian towns
Elton John becomes father of Christmas baby
Seoul shares open up modestly on autos, techs
Oscar nomination ballots sent to voters
IMF extends Pakistan loan as economic reforms drag
Chris Brown hints at Justin Bieber collaboration
Japan industrial output up 1 percent in November
Oscar ballots get mailed to voters
Ryan Gosling gives fans another acting "Valentine"
Kylie Minogue defends racy 'All the Lovers' video
Elton John becomes father of Christmas baby |
Sandra Bullock in, Jersey Shore out in neighbor poll |
Ryan Gosling gives fans another acting Valentine |
Chris Brown hints at Justin Bieber collaboration |
Oscar ballots get mailed to voters |
Hangover stuntman injured during Thai shoot |
Parents of reporter held in Afghanistan speak out
Russia slams Western pressure over Khodorkovsky
Alcatel-Lucent pays US fine on corruption charges
Parents in plea for French journalist held in Afghanistan
Iran hangs man convicted of spying for Mossad
Russia accuses West of meddling in tycoon Khodorkovsky's trial |
UAE considered keeping Hamas hit under wraps: WikiLeaks |
Official: Afghan police defuse motorcycle bomb
Official: Afghan police have defused bike bomb
Iran hangs man convicted of spying for Mossad: IRNA |
U.S. embassy in London was a target of UK suspects |
Nigeria says at least 80 died in Jos attacks |
Small blast at Karachi's main university |
Thailand ends emergency rule in part of restive south
Japan DPJ's Ozawa to appear at ethics panel
US missile salvo 'kills 15' in Pakistan
Small blast at Karachi's main university
Somali pirates free tanker, seize cargo ship |
U.S. Northeast digs out after storm snarls travel
England close in on Ashes as Australia crash
Factbox
Belarus' Lukashenko reshuffles govt, names new PM |
Japan's 'Shadow Shogun' to testify over funds scandal
Venezuelan ex-leader Perez to get US burial: daughter
Australian surfer champ Gilmore attacked: report
Anger festers in politically divided Thailand
Japan's deflation persists, but rising output provides hope
Floods force evacuations in eastern Australia
Investors line up for first IPOs in communist Laos
Japan bakery scores surprise hit with 'edible iPhone'
Japan sounds alarm as yen rises against dollar
IPhone and iPad users sue Apple over privacy issues |
Japan's Ozawa to appear at ethics panel over scandal
SK Energy inks deal to develop lithium batteries with Formosa
Alcatel agrees to settle bribery case for $137 million |
Chinatrust makes 'biggest bid for AIG Taiwan unit'
Barnes & Noble loses bid to end Nook lawsuit |
Q+A
Amazon says Kindle holding its own against tablets |
Hitachi says in talks with Hon Hai on panel tie-up |
Pakistan
Germany plans cyber-warfare defense center |
LG Group aims to lift 2011 sales by 11 percent |
China shrinks rare earths export quota
AMD expects non-cash gain from GlobalFoundries |
Vinashin given interest-free loans to pay salaries
Saudi court delays beaten Indonesian maid's case
Tel Aviv bourse seeks to become high-tech center |
China miner gives $7.5M after 22 killed by breach
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01