PepsiCo deal to save Israeli soda from the ramifications of the boycott The deal will be financed by PepsiCo, and the acquisition has been approved by the board of directors of both companies.

PepsiCo deal to save Israeli soda from the ramifications of the boycott

Pepsi Cola and Israel's Soda Stream signed an agreement in which PepsiCo will acquire all the capital of Soda Stream at a price of $ 144 per share in cash, or $ 3.2 billion.

The Israeli company "Soda Stream" Israeli multi-national soft drinks specializes in making a device to produce soft drinks home.

The deal will be financed by PepsiCo, and the acquisition has been approved by the board of directors of both companies.

The transaction is expected to take place in January 2019.

The Israeli company Soda Stream in 2016 has shed its last Palestinian workers and criticized the government for refusing to grant them work permits after moving from the West Bank to southern Israel.

The company closed its factory in the West Bank in 2015 because of its boycott campaign, with the participation of Hollywood star Scarlett Johansson. US actress Scarlett Johansson gave up her role as an Oxfam humanitarian ambassador after the organization considered her promotion of the Israeli company Soda Strain to be a breach of an agreement with Oxfam.

The US actress has been working with Oxfam since 2005 to become the organization's ambassador in 2007

The company published a declaration in the Israeli press in the year 2015 which revealed a joint initiative in cooperation with the Municipality of Rahat in the Negev Desert in southern Israel, the second largest Arab city in Israel, centered on the absorption of 1000 Syrian refugees in the city and their operation at the Soda Stream plant there .

The Executive Director of Soda Stream said at the time that the aim of the publication in the press was to pressure the Israeli government and push it to accommodate the refugees. However, Daniel Brinbaum said he had not approached any official body in Israel.

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