27 Jan 2011 11:59

PepsiCo receives FAS authorization for buying WBD, plans to close deal by Feb 8

MOSCOW. Jan 27 (Interfax) - PepsiCo Inc. has received authorization from Russia's Federal Antimonopoly Service (FAS) to acquire OJSC Wimm-Bill-Dann Foods (WBD), the U.S. company said in a statement.

The transaction should be complete by February 8.

PepsiCo is acquiring 66% in the company for $3.8 billion from WBD's main owners. Including shares purchased on the open market, PepsiCo's total stake in WBD will come to around 77%.