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Suntory Beverage & Food and PepsiCo to team up in Thailand

Japanese company expected to pour $289m into the venture

TOKYO -- Suntory Beverage & Food and U.S.-based PepsiCo have decided to set up a soft drink joint venture in Thailand, the companies announced on Thursday.

Suntory Beverage & Food will invest 33 billion yen ($289 million) in the venture.

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