PepsiCo invests $550m in Celsius

PepsiCo invested $550 million in Celsius Holdings as part of a long-term distribution contract.Energy drinks are fast-growing nonalcoholic beverages.

Celsius' U.S. revenue jumped 217 percent to $123.5 million in the first quarter.PepsiCo invested $550 million in Celsius Holdings as part of a long-term distribution contract.

Celsius's market worth jumped $1.45 billion.Celsius hopes to gain shelf space in stores and extend to independent retailers like gas stations. Pepsi begins Monday.

Pepsi invests 8.5% in Celsius. The corporation will nominate a Celsius director. In a long-term distribution contract, PepsiCo spent $550 million in Celsius Holdings.

Celsius's market value rose by $1.45 billion after the news.
Celsius expects to win shelf space at established shops and expand to independent outlets like petrol stations

Pepsi will start helping Monday.
Pepsi owns 8.5% of Celsius through its investment. The food and beverage company will nominate a Celsius director.

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