Standard Chartered PE invests $32 mln in Varun Beverages

Last Updated: Mon, Oct 08, 2012 10:20 hrs
Employees of Standard Chartered leave a branch of the bank in central Seoul

Private equity arm of Standard Chartered Plc has invested $32 million in Varun Beverages, which is the largest bottler for PepsiCo Inc in South Asia, the companies said in a joint statement.

The funds would be used to buy out PepsiCo's minority stake in Varun Beverages' subsidiary, the statement said.

The transaction would be a follow-on investment by the British bank, which had previously invested $48 million in Varun Beverages in July 2011, the statement said.

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