South African Bottler BevCo Acquired By Varun Beverages
South African Bottler BevCo Acquired By Varun Beverages  
Corporate

Varun Beverages Completes Acquisition Of South African Bottler BevCo

PTI

Varun Beverages Ltd, PepsiCo's largest franchise bottler, on Wednesday said it has completed the acquisition of South Africa-based Beverage Company (BevCo) along with its wholly-owned subsidiaries.

VBL has also issued a corporate guarantee amounting to ZAR 1,500 million (around Rs 660 crore) to secure credit facilities extended to BevCo by the FirstRand Bank there, it added.