Pepsi 2013 Annual Report Download - page 128
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110
Suntory Holdings Limited
During our second quarter of 2013, as part of the refranchising of our beverage business in Vietnam, we
completed a transaction with Suntory Holdings Limited. Under the terms of the agreement, we sold a
controlling interest in our Vietnam bottling operations. The new alliance serves as the franchise bottler for
both companies. As a result of this transaction, we recorded a pre- and after-tax gain of $137 million (or
$0.09 per share) in our 2013 results.