PepsiCo PEP0.57%increase; green up pointing triangle is boosting its stake in energy-drink maker Celsius Holdings CELH-2.77%decrease; red down pointing triangle in a deal worth $585 million as the ...

(Reuters) -PepsiCo has raised its stake in Celsius Holdings through a $585 million deal, as the global soda and snacks maker strengthens its energy drink business amid shifting consumer preferences.

Nisha Gopalan is a former Senior Overnight Assignment Editor for Investopedia News. She is an award-winning financial journalist who has worked in London, where she is currently based, and Hong Kong.

Celsius Holdings has deepened its partnership with PepsiCo in a deal that will see the functional energy drink maker take on a wider portfolio and a more prominent strategic role in the US market.

PepsiCo is boosting its stake in energy-drink maker Celsius Holdings in a deal worth $585 million as the companies expand their three-year partnership. Under the partnership-expansion agreement, ...

Aug 29 (Reuters) - PepsiCo (PEP.O), opens new tab has raised its stake in Celsius Holdings (CELH.O), opens new tab through a $585 million deal, as the global soda and snacks maker strengthens its ...