Suntory Beverage and Food Limited (SBF) has stated that its subsidiary, Suntory Beverage and Food Asia Pte Ltd, concluded a definitive agreement regarding the acquisition of 51 per cent shares in International Refreshment (Thailand) Co, Ltd, a beverage operation of PepsiCo, Inc in Thailand, from Pepsi-Cola (Thai) Trading Co, Ltd, a subsidiary of PepsiCo. This will, henceforth, be known as the acquisition.
|