PepsiCo to sell Tropicana and other juice brands in £2.3bn deal

(Which?/PA)

PepsiCo will sell Tropicana and other juice brands to a private equity firm in exchange for pre-tax proceeds of 3.3 billion dollars (£2.3 billion).

PepsiCo will have a 39% non-controlling stake in a newly formed joint venture with PAI Partners.