PepsiCo to pay $131m for 26% stake in Chinese giant Natural Food

PepsiCo to pay $131m for 26% stake in Chinese giant Natural Food

Photo from PepsiCo's social media page.

American conglomerate PepsiCo has agreed to acquire a nearly 26 per cent stake in Chinese health-food giant Natural Food International Holding for HK$1.02 billion ($130 million), according to a company announcement.

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