Saudi Arabia's Almarai raises PepsiCo joint venture stake to 52%
2012-03-29 - AMEinfo.com | Saudi Arabia | Latest News - Saudi Arabia: Saudi Arabia's Almarai Co has announced it has raised its stake in International Dairy and Juice (IDJ), a joint venture between it and PepsiCo, Dow Jones has reported. Almarai raise its share to 52% from 48% through an additional equity contribution of $22.4m, the company said. The Middle East's largest dairy company set up its IDJ partnership with PepsiCo in 2009 with the aim of increasing juice sales in Middle Eastern and North African countries outside the Gulf region.  

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