PepsiCo Eyes South Africa's Pioneer Foods in Billion-Dollar Deal

American firm PepsiCo, Inc is on the comeback trail in South Africa, setting its sights on Pioneer Foods, a company synonymous with big brand names like Sasko, Weetbix, and White Star. PepsiCo announced that it has entered into an agreement to acquire all the outstanding shares of Pioneer Foods Group Ltd for approximately U.S.$1.7 billion.

Photo: Screenshot

A screen grab of the Pioneer Foods website.

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