Out of 34 more recorded in July and August, 10 were in soft drinks, five in beer, five in wine and spirits, three in ingredients and three in packaging.
23 countries were involved, led by the US and the UK, with other important contributions from France, Russia, China and Japan.16 of the transactions were across borders, 18 within single countries. Anheuser-Busch InBev and Rio Tinto both made two divestments.
The biggest deal was PepsiCo’s $7.8bn agreement to buy out its two leading bottlers. Rio Tinto’s sales added up to $3.2bn.
© FoodBev Media Ltd 2020