The Turkish unit of PepsiCo’s (PEP) Frito-Lay has been hit with a $36M penalty after the country’s antitrust regulatory concluded a probe into the division, Taylan Bilgic of Bloomberg reports. Frito-Lay will also have to allocate a section of its stands to rival brands if those competitors do not have their own presence in smaller stores, the Turkish Antitrust Board said, according to Bloomberg.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PEP:
- Coca-Cola and PepsiCo Adjust DEI Policies in Response to Trump’s Order
- PepsiCo’s Strategic International Growth and North America Revival Drive Buy Rating
- Fox (FOXA) Earns $800M from Super Bowl LIX amid Record Viewership
- Kroger names David Kennerley as incoming CFO
- Celsius Holdings price target lowered to $37 from $45 at Stifel