PepsiCO

PepsiCo has entered into an agreement with PAI Partners, a private equity firm specialising in the food and beverage sector, to sell select juice brands such as Tropicana and Naked across North America and an option to sell certain European juice businesses. This will result in combined proceeds of around $3.3 billion, while retaining a 39 per cent non-controlling interest in a newly formed joint venture. 
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