Competition Commission gives the nod to sale of Pioneer Foods to PepsiCo
The approval comes with conditions that include BEE and a moratorium on retrenchments
11 February 2020 - 20:23
The Competition Commission has recommended to the Competition Tribunal that the $1.7bn acquisition of Pioneer Foods, the owner of Sasko bread, by US snack giant PepsiCo be approved with conditions.
The conditions include a moratorium on retrenchments and a R1.6bn BEE deal...
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