logo
  

PepsiCo To Take 20% Stake In AQUA Carpatica

PepsiCo, Inc. (PEP), food and beverages major, said on Tuesday that it has inked a deal to buy 20 percent equity stake in Romanian spring water brand- AQUA Carpatica, for an undisclosed sum.

According to the deal, PepsiCo will have rights to distribute the spring water in Romania and in Poland with opportunities to expand into other markets, including the U.S.

PepsiCo said that the premium water brand will round out its portfolio of offerings in Europe with plans to expand globally.

Silviu Popovici, CEO of PepsiCo Europe, said: "With its excellent taste and premium positioning, AQUA Carpatica is a perfect complement to PepsiCo's existing premium beverage portfolio…"

Founded in 2010, AQUA Carpatica product line includes still spring water and natural mineral waters that are bottled at the source in Romania's pristine Carpathian Mountains.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Australia's central bank raised its benchmark rate by a smaller-than-expected quarter point on Tuesday, after lifting rates by 50 basis points in each of the last four meetings. The policy board of the RBA, headed by Governor Philip Lowe, decided to lift the cash rate target by 25 basis points to 2.60 percent from 2.35 percent. This was the highest rate since July 2013. Unemployment data from Spain and producer prices from the euro area are due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, the National Institute of Statistics is scheduled to issue Romania's producer prices for August. Australia's central bank raised its benchmark rate by a quarter-point to bring inflation back to the target range. The policy board of the RBA, headed by Governor Philip Lowe, decided to lift the cash rate target by 25 basis points to 2.60 percent from 2.35 percent. This was the highest rate since...
Follow RTT