PepsiCo gets CCI nod for selling bottling plants to franchisee

Under the proposed deal, PepsiCo India’s franchisee bottler Varun Beverages would acquire the beverage maker’s four bottling plants in Haryana, Himachal Pradesh, Uttarakhand and Uttar Pradesh, as going concern on a slump sale basis. "Post combination, PepsiCo India will continue to own, maintain and promote the Pepsi brand in India," it said adding that "there will be no significant change in the market structure as a result of the proposed combination".

Source: http://economictimes.indiatimes.com/industry/cons-products/food/pepsico-gets-cci-nod-for-selling-bottling-plants-to-franchisee/articleshow/45779563.cms

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