Retail in Asia

In Markets

PepsiCo gains majority control in Thai bottler Serm Suk

With images of burning shopping malls and violent street protests fresh in investors’ minds, Thailand might seem an unlikely place for a hostile takeover. But PepsiCo Inc.’s bid to buy local bottler and distributor Serm Suk PCL points to an undercurrent of hope in the nation’s longer-term prospects, analysts say.

The takeover battle, while fiercely contested on the ground, speaks to a broader sense of optimism about the Thai economy despite the country’s ongoing political troubles as well as mirroring PepsiCo’s expansion elsewhere in Asia.

To view the full article (note: you must be a Wall Street Journal Online subscriber), visit The Wall Street Journal Online.

(Source: The Wall Street Journal Online)