SINGAPORE (Yosefardi) – Asahi Group Holdings, Ltd. announced that PT Asahi Indofood Beverage Makmur (AIBM) and PT Indofood Asahi Sukses Beverage, each a joint venture company between Asahi and PT Indofood CBP Sukses Makmur Tbk for non-alcoholic beverage businesses in Indonesia, have completed the purchase of all outstanding shares of PT Pepsi-Cola Indobeverages (PCIB).
The acquisition is subject to the approval of the relevant authority has changed its name to PT Prima Cahaya Indobeverages, the exclusive bottler of PepsiCo, Inc. in Indonesia.
The purchase price is US$30 million.