Pepsi Philippines

rdf:langString Pepsi Philippines

rdf:langString Pepsi-Cola Products Philippines, Inc.

rdf:langString Pepsi-Cola Products Philippines, Inc.

rdf:langString Imran Moid

rdf:langString Oscar S. Reyes

rdf:langString Samudra Bhattacharya

rdf:langString Yong-Sang You

rdf:langString Pepsi Philippines Company Logo.png

rdf:langString Soft drinks, snack foods

rdf:langString Pepsi-Cola Products Philippines, Inc. (PCPPI) was established in 1989 as Premier Beverages by Luis Lorenzo, Sr. to acquire the bottling and distribution rights to PepsiCo beverages in the Philippines. In 1997, the Guoco Group acquired Lorenzo’s holdings in PCPPI. Under Guoco management, ₱700 million was spent in 1998 to upgrade the facilities of PCPPI. In 2000, PepsiCo paid P 2 billion to the Guoco Group to acquire a 33% stake in PCPPI. News reports cited the rationale was to ensure PepsiCo had a continuing market for its concentrates, even if it meant infusing money into its licensed bottlers. PCPPI became listed in the Philippine Stock Exchange in 2008. In September 2010, Korean-based Lotte Chilsung Beverage Company Ltd. acquired 34% of PCPPI. The acquisition made Lotte Chilsung the largest shareholder in PCPPI. Lotte Chilsung agreed to pay P4.447 billion to buy the 1.27 billion shares from the Guoco Group. In 2013, Lotte Chilsung increased its stake to 39%. As of March 2013, Netherlands-based Quaker Global Investments B.V. is the company’s second largest shareholder with 29.5%.