We are pleased to announce that in the transaction involving Varun Beverages Limited’s proposed acquisition of South Africa-based The Beverage Company (Proprietary) Limited and its wholly-owned subsidiaries (BEVCO), Acuity Law assisted Webber Wentzel, legal counsel to BEVCO and its shareholders, on India law related matters. BEVCO is engaged in the business of manufacturing and distributing licenced (PepsiCo Inc.)/ own-branded non-alcoholic beverages in South Africa. The proposed acquisition by Varun Beverages of BEVCO is at an enterprise value of INR 13.2 billion (~USD 159 million). To read more about the transaction please click here.
The team at Acuity Law comprised of Souvik Ganguly, Akhil Ramesh and Vishesh Gupta.