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BUSINESS
October 2, 1990 | From Times Wire Services
PepsiCo Inc. said today it has bought more than 70% of Empresas Gamesa for about $300 million, giving the big U.S. beverage and snack foods firm a majority stake in Mexico's largest cookie manufacturer. The acquisition is PepsiCo's second-largest international food acquisition. It ranks behind the 1989 purchase of two British snack chip makers, Smiths Crisps and Walkers Crisps, for $1.35 billion from the French company BSN.
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