American PepsiCo Inc., the world's second largest producer of soft drinks, buys Israeli SodaStream International Ltd. for 3.2 billion dollars, Interfax-Ukraine reports.
SodaStream is the world's leading supplier for soda water home production equipment. The company's products are sold in more than 80 thousand retail stores in 45 countries.
PepsiCo will pay 144 dollars per share SodaStream, which is 32% higher than the average price of securities in the last 30 trading sessions, according to the press release from PepsiCo.
The deal will be paid by the American company through available funds at its disposal.
The boards of directors of both PepsiCo and SodaStream unanimously approved the deal.
To complete it, the approval of SodaStream shareholders as well as the relevant regulators is required.
The parties plan to close the deal by January 2019.
The purchase of SodaStream will be the largest acquisition for PepsiCo in 8 years.
Reportedly, one of the largest food and beverage producers PepsiCo Ukraine is considering the possibility of localizing Lay's chips production.
