PepsiCo's Russia deal gets initial nod of approval

AFP: PepsiCo's Russia deal gets initial nod of approval: "MOSCOW — PepsiCo's biggest acquisition outside the United States made progress on Monday when the head of Russia's anti-monopoly service said the unit looked favourably on the US company's takeover of a major local firm.
PepsiCo on December 2 agreed to pay 5.4 billion dollars (4.1 billion euros) for Wimm-Bill-Dann, Russia's largest dairy and baby food producer and number three juice maker.
The takeover would be one of the biggest outside the Russian energy sector and enable PepsiCo to become not only the country's largest food-and-beverage business but also to expand further into eastern Europe and the former Soviet states."