Pepsi Backs Deal to Create $2.4 Billion European Drinks Leader

Pepsi Backs Deal to Create $2.4 Billion European Drinks Leader

Chris Ratcliffe/Bloomberg

PepsiCo Inc., the world’s second-largest soft-drink maker, is backing a merger of Britvic Plc and A.G. Barr Plc which will create one of Europe’s leading beverage companies with sales of 1.5 billion pounds ($2.4 billion).