Pepsi India bottler Varun Beverages to enter South Africa with $159m acquisition

Pepsi India bottler Varun Beverages to enter South Africa with $159m acquisition

Photo: Bloomberg

Pepsi India bottler Varun Beverages said on Tuesday it will buy South Africa-based The Beverage Company in a deal valued at 13.2 billion rupees ($158.71 million), enabling it to enter into Africa’s largest market.