PepsiCo moves $1bn from Ireland to Bermuda

PepsiCo moves $1bn from Ireland to Bermuda
Move follows 2013 asset transfer to Curaçao

Multinational prepares to wind up two solvent Irish subsidiaries ahead of Caribbean cash move

PepsiCo, the US food, snack and beverage giant, is transferring more than $1 billion in cash and assets from two of its Irish subsidiaries to the Caribbean.

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