ABU DHABI/WAM H.H. Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the ...
Read More »PepsiCo to pay $550m for 8.5% stake in Celsius
Bloomberg PepsiCo Inc will pay $550 million for a stake in fitness-energy drink maker Celsius Holdings Inc as part of a long-term strategic distribution agreement. PepsiCo is getting convertible preferred stock equating to 8.5% ownership in Celsius, the companies said in a statement. The soft drink giant will become the preferred distribution partner globally for Celsius and will also ...
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