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.
PepsiCo Targets African Growth With Offer To Acquire Pioneer Foods
PepsiCo, Inc, 22 July 2019
PepsiCo, Inc. (NASDAQ: PEP) ("PepsiCo") today announced that it has entered into an agreement to acquire all the outstanding shares of Pioneer Foods Group Ltd. (JSE: PFG) ("Pioneer… Read more »
Pepsi Snaffles a SA Champion
Daily Maverick, 19 July 2019
South Africa's listed consumer companies have been through the wringer in the last five years and their earnings and valuations reflect this. This does not mean that there is no… Read more »
What Are Africa's Top Brands?
Brand SA, 27 May 2019
• African brands fall by 18% Read more »
A screen grab of the Pioneer Foods website.
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