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PepsiCo Buys Into Russia With Wimm-Bill-Dann

Beverage maker shells out $3.8 billion for 66% stake in dairy and juice company.

PepsiCo is tapping into growth in the Russian economy by taking a 66% stake in Russian dairy and juice company Wimm-Bill-Dann Foods.

PepsiCo ( PEP - news - people ) said Thursday it is paying $3.8 billion for the stake and will offer to acquire the remaining shares of Wimm-Bill-Dann Foods ( WBD - news - people ) following the completion of the acquisition, on terms as are mandated by Russia law.



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