We are fortunate to be working with such strong partners as PCI and Flora toward developing a model Pepsi operation, not only by historical Romanian standards but also by international standards," said Aviad Meitar, chairman of QABCL
In June 2005, we acquired a 49% interest in QABCL
for a purchase price of $51 million.
QABCL has enjoyed strong volume and profit growth, adding to the strength of our international portfolio.
PepsiAmericas paid $98 million for the remaining 51 percent interest in QABCL, and expects the transaction to be accretive to earnings.
We are enthusiastic about our investment in QABCL
and the expansion of our international territory," said Ken Keiser, President and Chief Operating Officer of PepsiAmericas.