PepsiAmericas And CABCORP Sign Joint Venture

US-based bottler PepsiAmericas has announced plans to establish a joint venture with Central America Beverage Corporation (CABCORP) to serve the Caribbean and Central American soft drinks markets. PepsiAmericas will combine most of its Caribbean business (excluding the Bahamas) with CABCORP and take an 18% stake in the venture, leaving CABCORP with an 82% ownership interest. The deal is expected to close in the third quarter of

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