French group to buy PepsiCo's Tropicana in $3.3 billion deal - NewsBreak

Home > Business
By Poppy in Business
Updated 3 years ago

PepsiCo Inc sold Tropicana and other juice brands in North America for $3.3 billion to French private equity firm PAI Partners on Tuesday, as it looks to focus on more profitable brands. The company will keep a 39 percent stake in the new joint venture and have exclusive U.S. distribution...

french-group-to-buy-pepsico-s-tropicana-in-3-3-billion-deal-newsbreak