PepsiCo (NYSE: PEP) and The Pepsi Bottling Group (NYSE: PBG) today announced that they have completed a joint acquisition of a 75.53% stake in Russia’s leading branded juice company JSC Lebedyansky (RTS: LEKZ). PepsiCo and PBG will initiate a mandatory offer for the remaining shares of Lebedyansky, in accordance with Russian law, in the near future. The acquisition does not include the company’s baby food and mineral water businesses, which earlier were spun off to shareholders in a separate transaction.
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In accordance with the Federal Law "On Joint Stock Companies" and with the decision of the Board of directors of OJSC Lebedyansky (located at Matrosova St., 7, Lebedyan, Lipetskaya oblast, 399610 Russia) of 28 March 2008, an extraordinary general meeting of shareholders of OJSC Lebedyansky (hereinafter, the "Company") shall be convened in the form of a meeting, i.e. physical presence of the shareholders.
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JSC Lebedyansky (“Lebedyansky” or the “Company”) (RTS: LEKZ), the leading juice producer and one of the main players in the baby food market in Russia, today announces its unaudited financial and operating results for the 12 months ended 31 December 2007.
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