India's Varun Beverages to buy The Beverage Company for $159 mln

Varun Beverages

19/12/2023 10:42

BENGALURU, Dec 19 (Reuters) - 
    Pepsi India bottler Varun Beverages  VARB.NS  on Tuesday
said it will acquire South Africa-based The Beverage Company as
well as its units in a deal at an enterprise value of 13.2
billion rupees ($158.71 million). 

($1 = 83.1725 Indian rupees)

    

 (Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by
Janane Venkatraman
)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))