MARC HASENFUSS: Possible BEE partners for Pepsico/Pioneer
Would Pepsico consider pulling aboard a listed empowerment counter, especially those with existing exposure to food assets like African Equity Empowerment Investments, Brimstone and Grand Parade Investments?
25 July 2019 - 05:00
My references in last week’s column (https://www.businesslive.co.za/fm/opinion/market-watch/2019-07-18-marc-hasenfuss-pioneers-fizzy-rumours/) — both oblique and direct — to a possible Pepsico/Pioneer deal was fortuitous, coming just a day or so before the transaction was officially confirmed. I am not a Pioneer shareholder, but I think it’s a fair deal under the circumstances. I certainly would prefer to have cash in hand at this delicate juncture.
My post-deal musings have been about possible BEE partners for Pepsico/Pioneer and whether Pepsico might look to consolidate Pioneer’s food brands basket...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.