On March 20, four individual majority shareholders in Lebedyansky signed a deal with PepsiCo on the sale of 75.53% in the company’s juice business. We are now revising our recommendation on Lebedyansky shares to take account of the company’s restructuring program and its FY 2007 financials. In our view, the deal may benefit Lebedyansky current shareholders.
Shareholders are advised to BUY Lebedyansky shares before March 28, 2008 with a view to exercising a practically free option to sell the shares at their current market prices and get a share in a newly-formed company that is to focus on production of baby food and mineral water.
Sergey Filchenkov
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Sector:
Consumer,
Food
Company:
Lebedyansky
All Research Notes >>
11.8
12.74
