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Russia Approves PepsiCo Acquisition of Wimm-Bill-Dann

The Russian government gave its approval today for PepsiCo Inc. to buy a controlling stake in the Wimm-Bill-Dann Dairy & Juice Co., one of Russia’s leading producers of juice and dairy products, for $3.8 billion.

The approval means PepsiCo is now poised to wrest back the lead in Russia’s juice and dairy market from Coca-Cola Co., which bought controlling interest in another company earlier this year.