PepsiCo And Pepsi Bottling Group In US$1bn Investment Drive

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PepsiCo and The Pepsi Bottling Group (PBG), the largest bottler of PepsiCo products, have announced plans to invest US$1bn in Russia over the next three years. With an emphasis on investing heavily in emerging markets, the duo are aiming to reduce their reliance on the North American region. BMI agrees with their decision to markedly increase their exposure to the Russian market, which in our view has significant upside potential. Through to 2013, we have forecast soft drinks value sales to increase by 26.8% and reach