PepsiCo to acquire 20% stake in AQUA Carpatica
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PepsiCo (NASDAQ:PEP) has inked a strategic agreement with premium Romanian spring water AQUA Carpatica to acquire 20% equity stake.
As per the agreement, PepsiCo (PEP) will have rights to distribute the spring water in Romania and in Poland with opportunities to expand into other markets, including the United States.  "With its excellent taste and premium positioning, AQUA Carpatica is a perfect complement to PepsiCo's existing premium beverage portfolio," said Silviu Popovici, CEO of PepsiCo Europe. "We are confident that AQUA Carpatica's strong brand equity will resonate with our customers and consumers globally."
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