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This excerpt taken from the PBG 8-K filed Sep 16, 2009. Note 7 –
Investment in Noncontrolled Affiliate
During the second half of 2008, together with PepsiCo, we
completed a joint acquisition of JSC Lebedyansky
(“Lebedyansky”) for approximately $1.8 billion.
The acquisition does not include the company’s baby food
and mineral water businesses, which were spun off to
shareholders in a separate transaction prior to our acquisition.
Lebedyansky was acquired 58.3 percent by PepsiCo and
41.7 percent by PR Beverages, our Russian venture with
PepsiCo. We and PepsiCo have an ownership interest in PR
Beverages of 60 percent and 40 percent, respectively.
As a result, PepsiCo and we have acquired a 75 percent and
25 percent economic stake in Lebedyansky, respectively.
We have recorded an equity investment for PR Beverages’
share in Lebedyansky. In addition, we have recorded a
noncontrolling interest contribution for PepsiCo’s
proportional contribution to PR Beverages relating to
Lebedyansky.
These excerpts taken from the PBG 10-K filed Feb 20, 2009. Note 7 –
Investment in Noncontrolled Affiliate
During the second half of 2008, together with PepsiCo, we
completed a joint acquisition of JSC Lebedyansky
(“Lebedyansky”) for approximately $1.8 billion.
The acquisition does not include the company’s baby food
and mineral water businesses, which were spun off to
shareholders in a separate transaction prior to our acquisition.
Lebedyansky was acquired 58.3 percent by PepsiCo and
41.7 percent by PR Beverages, our Russian venture with
PepsiCo. We and PepsiCo have an ownership interest in PR
Beverages of 60 percent and 40 percent, respectively.
As a result, PepsiCo and we have acquired a 75 percent and
25 percent economic stake in Lebedyansky, respectively.
We have recorded an equity investment for PR Beverages’
share in Lebedyansky. In addition, we have recorded a minority
interest contribution for PepsiCo’s proportional
contribution to PR Beverages relating to Lebedyansky.
Note 7 – Investment in Noncontrolled Affiliate During the second half of 2008, together with PepsiCo, we completed a joint acquisition of JSC Lebedyansky (“Lebedyansky”) for approximately $1.8 billion. The acquisition does not include the company’s baby food and mineral water businesses, which were spun off to shareholders in a separate transaction prior to our acquisition. Lebedyansky was acquired 58.3 percent by PepsiCo and 41.7 percent by PR Beverages, our Russian venture with PepsiCo. We and PepsiCo have an ownership interest in PR Beverages of 60 percent and 40 percent, respectively. As a result, PepsiCo and we have acquired a 75 percent and 25 percent economic stake in Lebedyansky, respectively. We have recorded an equity investment for PR Beverages’ share in Lebedyansky. In addition, we have recorded a minority interest contribution for PepsiCo’s proportional contribution to PR Beverages relating to Lebedyansky. | EXCERPTS ON THIS PAGE:
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