PepsiCo Takes 20% Equity Stake In Romanian Spring Water Company AQUA Carpatica
- PepsiCo Inc has entered into a strategic agreement with Romanian spring water AQUA Carpatica, which was founded by Swiss-Greek businessman and entrepreneur Jean Valvis in 2010.
- Under the agreement, PepsiCo will own a 20% equity stake in AQUA Carpatica. The financial terms were not disclosed.
- PepsiCo will have the rights to distribute the spring water in Romania and Poland with options to expand into other markets, including the U.S.