<p>PepsiCo Inc will sell its controlling stake in Tropicana, Naked and other juice brands in North America to private equity firm PAI Partners for $3.3 billion, the <em>Wall Street Journal</em> reported on Tuesday.</p>.<p>It will retain a 39 per cent stake in the new joint venture in a deal valued at roughly $4.5 billion, the <a href="https://www.wsj.com/articles/pepsico-to-sell-tropicana-naked-juice-brands-to-private-equity-firm-11627984801?mod=latest_headlines" target="_blank">report</a> said, citing people familiar with the matter.</p>.<p>The beverage giant and PAI did not immediately respond to <em>Reuters</em> requests for comment.</p>
<p>PepsiCo Inc will sell its controlling stake in Tropicana, Naked and other juice brands in North America to private equity firm PAI Partners for $3.3 billion, the <em>Wall Street Journal</em> reported on Tuesday.</p>.<p>It will retain a 39 per cent stake in the new joint venture in a deal valued at roughly $4.5 billion, the <a href="https://www.wsj.com/articles/pepsico-to-sell-tropicana-naked-juice-brands-to-private-equity-firm-11627984801?mod=latest_headlines" target="_blank">report</a> said, citing people familiar with the matter.</p>.<p>The beverage giant and PAI did not immediately respond to <em>Reuters</em> requests for comment.</p>