Pepsi Tingyi

Pepsi strikes China deal with Tingyi

Pepsi swaps its China bottling business for a stake in Tingyi-Asahi Beverages as it aims to consolidate its position in what will soon be the world's biggest beverage market.

<div style="text-align: left;"> Tingyi's Master Kong ice tea and Pepsi share shelf space in a supermarket in Shanghai (AFP) </div>

Sameera Anand

November 07, 2011

Pepsi is swapping its bottling operations in China for a 5% stake in Tingyi-Asahi Beverages Holding Company, as well as an option to buy another 15% by 2015. Tingyi-Asahi Beverages has been valued at around $15 billion for the purposes of the deal.

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