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PepsiCo Takes 20% Equity Stake In Romanian Spring Water Company AQUA Carpatica

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Shivani Kumaresan
·1 min read
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  • PEP
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  • PepsiCo Inc (NASDAQ: PEP) has entered into a strategic agreement with Romanian spring water AQUA Carpatica, which was founded by Swiss-Greek businessman and entrepreneur Jean Valvis in 2010.

  • Under the agreement, PepsiCo will own a 20% equity stake in AQUA Carpatica. The financial terms were not disclosed.

  • PepsiCo will have the rights to distribute the spring water in Romania and Poland with options to expand into other markets, including the U.S.

  • AQUA Carpatica's product line includes still spring water and naturally sparkling mineral waters bottled at the source in Romania's pristine Carpathian Mountains.

  • Its premium sparkling natural mineral water is nitrate- and sodium-free and provides natural electrolytes.

  • "With its excellent taste and premium positioning, AQUA Carpatica is a perfect complement to PepsiCo's existing premium beverage portfolio," said PepsiCo Europe CEO Silviu Popovici.

  • Price Action: PEP shares are trading lower by 0.70% at $175.71 on the last check Tuesday.

  • Photo Via Company

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