MOSCOW, Dec. 2 (UPI) -- U.S. soft drink giant PepsiCo said Thursday it would buy 66 percent of Russia's Wimm-Bill-Dann Dairy and Juice Co. for $3.8 billion.
The deal, which is dependent on government approval, includes an offer from the U.S. firm to buy the remaining Wimm-Bill-Dann shares "on terms that are mandated by Russian law," PepsiCo said in a statement.