Pan Jamaica’s $410m stake in Frankly Juice part of wider growth

Pan Jamaica Group Limited paid $410 million for its just over 64 per cent stake in Frankly Juice, a Danish juice brand with a Scandinavian market. Concurrently, the group earned one-third higher profit for its full year ending December. The deal was completed last October, though the purchase price was not disclosed at the time. Pan Jamaica acquired the 64.1 per cent stake through its subsidiary The Juicy Group UK for consideration of $410 million, with no deferred or contingent consideration.