Mexican bottling company Grupo Embotelladoras Unidas (GEUPECB.MX) said on Monday it entered an agreement with PepsiCo (PEP.N) and a Venezuelan food and drinks company to combine their bottling and distribution companies in Mexico. Pepsi's Mexican distribution and bottling will become part of Geusa, a subsidiary of the Mexican bottler, known locally as Geupec, according to a statement. The newly expanded Geusa will offer a collection of carbonated and non-carbonated drinks, including brands such as Gatorade, Lipton, and Pepsi. Geupec will have a 51 percent stake in the operation.
PepsiCo, Inc. (PepsiCo) is a global food, snack and beverage company. Shares of PEP traded higher by 69.8% or $1.4018/share to $505545152.00. In the past year, the shares have traded as low as $3.74 and as high as $60.32. On average, 1116719022 shares of PEP exchange hands on a given day and today's volume is recorded at 6094250.
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