PepsiCo will sell fruit juice brands such as Pure Fruit to French private equity firm PAI for $3.3 billion.

PepsiCo will sell Tropicana, Naked and other juice brands to French private equity firm PAI Partners for about $3.3 billion, seeking to strengthen its balance sheet and focus on healthier snacks and snacks. According to a statement on Tuesday, the US beverage giant will retain a 39 per cent non-controlling stake in the new holding company of these brands and give PAI an irrevocable option to acquire certain European juice businesses. PepsiCo said it plans to use the proceeds to strengthen its balance sheet and invest it in a wider range of businesses. Headquartered in

新浪財經Aug 4, 2021 07:55

Softbank Corp. is said to have a $5 billion stake in pharmaceutical giant Roche.

Softbank Corp. quietly amassed a $5 billion stake in Roche, betting on the pharmaceutical company's strategy of using data to develop drugs, according to people familiar with the matter. The Japanese conglomerate is now one of Roche's biggest investors, according to compiled data. Roche's sales have recently been boosted by its Covid-19 testing business. The company's diagnostic department responded quickly to the coronavirus outbreak, but life was even harder for the pharmaceutical sector as older cancer drugs faced increasing competition. Shares of the Basel, Switzerland-based company have risen 8.8% in the past 12 months. Focus MSCI Global Pharmaceutical, Biotech and Health

新浪財經Aug 4, 2021 07:32

Fund giant Vanguard pilot: employees receive a prize of US $1000 per person for vaccination.

Us fund giant Vanguard Group has promised to reward each employee $1000 if they are vaccinated against novel coronavirus by October, according to people familiar with the matter. The company will provide subsidies to all employees who can prove that they have been vaccinated, even if they have been vaccinated before the subsidy is proposed. A spokesman for Pioneer confirmed that the company was providing incentives, but did not disclose the amount. "We will provide vaccine incentives to employees who provide novel coronavirus vaccination certificates," she said, adding that the company rewarded those who "took the time.

新浪財經Aug 4, 2021 07:15