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× Lotte consolidating stake in Pepsi PH, seen prelude to delisting

Korean conglomerate Lotte is making an offer to buy out other shareholders of Philippine beverage-maker Pepsi Cola Products Philippines Inc. (PCPPI) in what is widely seen as a prelude to delisting from the local stock exchange.

In a public notice, PCPPI said Lotte Chilsung Beverage Co. Ltd. would offer to buy about 2.134 billion common shares equivalent to 57.78 percent of outstanding stock of…

Read also: South Korea’s Lotte offers to buy all of local Pepsi-Cola for P4.15