Saudi Arabia's Almarai is in talks with PepsiCo Inc to increase its stake in a joint venture formed with the U.S. soft drink giant in 2009, the Gulf dairy firm said on Tuesday.
Almarai, the Gulf's biggest dairy firm by market value,
currently holds 48-percent in International Dairy & Juice Ltd
(IDJ), with PepsiCo owning the remaining 52-percent stake.
The IDJ joint venture was formed to target growth opportunities in the dairy and juice sector in Southeast Asia, Africa and the Middle East, excluding the Gulf region.
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