Category: Sabra
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Strauss sells 50% Sabra dips stake to PepsiCo
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Strauss Group (TSE: STRS) announced that it will sell its 50% stake in Sabra Dipping Co. and PepsiCo-Strauss Fresh Dips & Spreads International GmbH (Obela) for $243.8 million. In 2005, Strauss acquired 51% of Sabra for $9 million, and in 2008 PepsiCo bought the remaining shares and formed a joint…