23 Jul PepsiCo ties up $1.8 billion deal for South Africa’s Pioneer Foods
PepsiCo will acquire South Africa’s Pioneer Foods in a deal worth around R24.4 billion (US$1.8 billion), as the US drinks giant prepares to expand across sub-Saharan Africa in the coming years. The deal was announced after PepsiCo offered R110 a share for Pioneer, a premium of...