An agreement between the Department of Trade, Industry and Competition and PepsiCo has been reached, and the buyout of Pioneer Foods by PepsiCo is currently with the Competition Tribunal for approval, Trade and Industry Minister Ebrahim Patel informed during the Black Business Council's yearly summit on Thursday. The deal is estimated to be valued at nearly R25-billion and is touted as one of PepsiCo’s largest acquisitions outside the US.
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