Bloomberg News

Almarai Says May Increase Stake in Joint Venture With Pepsico

February 28, 2012

Almarai Co., Saudi Arabia’s largest food producer by market value, said it’s looking into “slightly” increasing its stake in a joint venture with PepsiCo Inc., according to a statement to the Saudi bourse today.

The two companies are reviewing their strategic partnership in International Dairy & Juice Ltd. to strengthen the performance of IDJ, it said. Almarai, which owns 48 percent of IDJ, may make an announcement on the issue in March.

To contact the reporter on this story: Inal Ersan in Dubai at iersan@bloomberg.net

To contact the editor responsible for this story: Riad Hamade at rhamade@bloomberg.net


Best LBO Ever
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus