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Georgian Pepsi to sell half of its shares

2010-10-14 18:08

8789.jpegGeorgian representative office of Pepsi is being sold to a foreign company - Business-Gruzia.


Pepsi starts a new investment project and conducts negotiations with Elsu company to lure in investments. At the present stage issue of selling 40-45% of shares is being considered, official representative office of Iberia Refreshment says.

Elsu is an offshore company, mostly dealing with soft drinks. It's registered in Virgin Islands.

Shareholders of Iberia Refreshment are EBRD, Ahmed Abdullah al Shafar, the Arab investor, Iberia Group, and Georgian individuals.


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