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Serbia: Pepsi, Mattoni 1873 acquire Knjaz Milos

Acquisition of water producer was agreed in spring

21 August, 13:36
(ANSA) - BELGRADE, AUGUST 21 - The American multinational PepsiCo and Mattoni 1873, the largest producer of mineral and spring water in the Czech Republic, formally became the owners of Serbian mineral water producer Knjaz Milos, the Serbian news agency Beta reported. The ownership contract, agreed in spring, was finalized on Tuesday at the Czech Republic embassy in Belgrade, while the cost of the operation was not made public. Knjaz Milos is one of the most important non-alcohol beverage producers in Serbia, with more than 800 employees and an expected turnover of 70 million euros this year, local media reported. (ANSA).

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