SAIF exits as PepsiCo invests $130m in Chinese food distributor
Pepsico has agreed to invest HK$1.02 billion ($130 million) in Natural Food International, a Hong Kong-listed health food distributor, providing a full exit for SAIF Partners.
Pepsico will buy 567 million shares in Natural Food, representing a 25.8% stake, for HK$1.80 per share from SAIF and members of Natural Food’s management. This was the stock’s closing price as of July...
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