PT Indofood CBP Sukses Makmur Tbk (IDX:ICBP) acquired the remaining 49% stake in PT Indofood Fritolay Makmur from PepsiCo, Inc. (NasdaqGS:PEP) for approximately IDR 490 billion on February 17, 2021. As a result of the transaction, PT Indofood CBP Sukses Makmur Tbk now owns 100% stake in PT Indofood Fritolay Makmur. The purchase price will be financed by its internal cash.

PT Indofood CBP Sukses Makmur Tbk (IDX:ICBP) completed the acquisition of the remaining 49% stake in PT Indofood Fritolay Makmur from PepsiCo, Inc. (NasdaqGS:PEP) on February 17, 2021.