KMV Gets Green Light to Assume PepsiCo in Slovakia, Czechia and Hungary

(Stock photo by TASR)

Karlovy Vary, November 1 (TASR) – Karlovarske mineralni vody (KMV), a Czech-Italian company based in the Czech spa town of Karlovy Vary (Carlsbad), has received a green light from the Czech, Slovak and Hungarian anti-monopoly regulators to assume the assets of the supranational company PepsiCo in the three countries, with the combined annual income exceeding €165 million, TASR learnt on Thursday.

The acquisition, which was announced earlier this year, was okayed this week by the Czech regulator as the last authority in the three countries.

KMV claims that the deal has made it Central Europe’s biggest distributor of non-alcoholic beverages.

Its current portfolio includes brands such as Mattoni, Magnesia, Aquila and Podebradka, a total of eleven plants and 2,400 employees. By assuming PepsiCo’s branches, KMV has taken over three companies with two plants and another 900 employees in total. As part of the deal, KMV has acquired several well-known brands, including Pepsi, Mirinda, 7Up and Lay’s.

“The acquisition will be formally concluded in the next few months,” said KMV owner Alessandro Pasquale.

The price of the deal wasn’t released.