Food-price inflation to continue, Pepsi CEO says

01/21/2008 | Times (London) (subscription required), The

PepsiCo CEO Indra Nooyi said in an interview that food-price inflation will last for two to three more years, driven by government efforts to fund ethanol initiatives. Nooyi also clarified that the company is not considering a "transformational" deal, denying Wall Street speculations that the company and Groupe Danone would be well-suited merger partners.

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