Pepsico will pay $ 5.75 billion for VBD

Moscow (Reuters)-the American giant PepsiCo will buy the remaining shares of the company in the amount of almost $ 1.38 billion from the Minority of the largest Russian manufacturer of dairy products of the VIMM-Bill-Dann, follows from the New York Exchange website. On Thursday, Pepsico announced the offer to redeem the remaining 10.12 million papers at a price of 3883 rubles apiece. At the Central Bank Day on the day of announcements of the Offer ($ 1 = 28.43 rubles), the offer to the minorityites corresponds to approximately $ 136.5 per shareholder and involves a small prize to the price at which Pepsico bought shares from the main shareholders of the Russian company - $ 132 per piece. At the end of last year, Pepsico agreed to buy 66 percent of the VBD shares for $ 3.8 billion, and in January I bought another 10.17 percent of the shares of the Russian holding in the open market for $ 573.2 million. Thus, the entire purchase of HBD will cost Pepsico about $ 5.75 billion - more than the expectations of an American company, which initially estimated the deal of $ 5.4 billion. After the purchase of VBD, Pepsico plans to delustrate its shares from the New York and Moscow Exchange. Further, the American company is going to develop the dairy business in Europe on the basis of the ETO assets and continue the Wimm-Bill-Danna strategy for the absorptions of large dairy manufacturers in Russia and the CIS, Pepsico President Ramon Laguart said in an interview with Reuters. (Maria Plis. Editor Anton Zverev)