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Deven Choksey Research Report
Varun Beverages Ltd., one of PepsiCo's largest franchisees, has announced the acquisition of full ownership in two African beverage companies: SBC Tanzania and SBC Beverages Ghana. Varun Beverages has acquired 100% control of SBC Tanzania for Rs 13,040 million and SBC Ghana for Rs 1,270 million.
These strategic acquisitions align with Varun Beverages' objective to expand its operational footprint in Africa, a region identified as key for future growth.
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Also Read: Aegis Logistics' JV Aegis Vopak Terminals Listing To Be Key Near-Term Catalyst: Motilal Oswal
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