##### 



Exhibit 21
   Name of Subsidiary
    
    JurisdictionAvalon Lake, Sarl
    
    LuxembourgBermuda Holdings, LLC
    
    DelawareGemex Holdings LLC
    
    DelawareGray Bern Holdings, Inc.
    
    DelawareGrayhawk Leasing, LLC
    
    DelawareHillwood Bottling, LLC
    
    DelawareLuxembourg SCS Holdings, LLC
    
    DelawareNew Bern Transport Corporation
    
    DelawarePBG Canada Holdings, Inc.
    
    DelawarePBG Canada Holdings II, Inc.
    
    DelawarePBG Commerce, Sarl
    
    LuxembourgPBG International Holdings Partnership
    
    BermudaPBG International Holdings Luxembourg Jayhawk, SCS
    
    LuxembourgPBG Midwest Holding Sarl
    
    LuxembourgPBG Michigan, LLC
    
    DelawarePBG Mohegan Holdings Limited
    
    GibraltarPBG Soda Can Holdings Sarl
    
    LuxembourgPBG Spirituosen Holdings, Sarl
    
    LuxembourgPepsi-Cola Commodities, Sarl
    
    LuxembourgPepsi Northwest Beverages LLC
    
    DelawarePrimrose, LLC
    
    DelawareValley Pond, Sarl
    
    LuxembourgThe Pepsi Bottling Group (Canada), Co.
    
    CanadaPBG Investment Partnership
    
    CanadaPBG Investment (Luxembourg) Sarl
    
    LuxembourgPepsi Bottling Group GmbH
    
    GermanyTanglewood Finance, Sarl
    
    LuxembourgPepsiCo IVI S.A.
    
    Greece
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Name of Subsidiary
    
    JurisdictionPBG Beverages Ireland Limited
    
    IrelandPBG Beverages International Limited
    
    IrelandPR Beverages Limited
    
    IrelandPBG Cyprus Holdings Limited
    
    CyprusPepsiCo Holdings OOO (Russia)
    
    RussiaPepsi-Cola Soft Drink Factory of Sochi
    
    RussiaAbechuko Inversiones, S.L.
    
    SpainAlikate Inversiones, S.L.
    
    SpainBottling Group Espana, S.L.
    
    SpainBottling Group Servicios Centrales SL
    
    SpainCatalana de Bebidas Carbonicas, S.L.
    
    SpainCanguro Rojo Inversiones, S.L.
    
    SpainCentro-Mediterreanea de Bebidas Carbonicas PepsiCo S.L.
    
    SpainCentro-Levantina de Bebidas Carbonicas PepsiCo S.L.
    
    SpainCompania de Bebidas PepsiCo, S.L.
    
    SpainKAS, S.L.
    
    SpainMountain Dew Inversiones, S.L.
    
    SpainOnbiso Inversiones, S.L.
    
    SpainEnfolg Inversiones, S.L.
    
    SpainGatika Inversiones, S.L.
    
    SpainGreip Inversiones, S.L.
    
    SpainPBG Holding de Espana ETVE, S.L.
    
    SpainJatabe Inversiones, S.L.
    
    SpainJugodesalud Inversiones, S.L.
    
    SpainLorencito Inversiones, S.L.
    
    SpainManurga Inversiones, S.L.
    
    SpainMiglioni Inversiones, S.L.
    
    SpainNadamas Inversiones, S.L.
    
    SpainPBG Financiera y Promocion de Empresas, S.L.
    
    SpainPBG Commercial SECOR, S.L.
    
    SpainPepsiCo Ventas Andalucia, S.L.
    
    SpainStepplan Inversiones, S.L.
    
    SpainBeimiguel Inversiones, S.L.
    
    SpainAquafina Inversiones, S.L.
    
    SpainWesellsoda Inversiones, S.L.
    
    SpainRasines Inversiones, S.L.
    
    SpainRebujito Inversiones, S.L.
    
    SpainRonkas Inversiones, S.L.
    
    Spain
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##### 



Name of Subsidiary
    
    JurisdictionPet-Iberia, S.L.
    
    SpainFruko Mesrubat Sanayii, Ltd. Sti.
    
    TurkeyPepsiCo Middle East Investments
    
    The NetherlandsPepsi-Cola Servis Dagitim, Ltd. Sti.
    
    TurkeyDuingras Holdings, B.V.
    
    The NetherlandsBebidas Purificadas S.R.L.
    
    MexicoEmbotelladores Del Valle de Anahuac, S.R.L.
    
    MexicoEmbotelladora de Refrescos Mexicanos S.R.L.
    
    MexicoEmbotelladora Moderna, S.R.L
    
    MexicoEmbotelladora La Isleta, S.R.L.
    
    MexicoEmbotelladores Del Bajio, S.R.L.
    
    MexicoFinvemex, S.R.L.
    
    MexicoNueva Santa Cecilia, S.R.L.
    
    MexicoServicios Administativos Suma, S.R.L.
    
    MexicoBienes Raices Metropolitanos, S.R.L.
    
    MexicoFomentadora Urbana Metropolitana, S.R.L.
    
    MexicoEquipos Para Embotelladoras Y Cervecerias, S.R.L.
    
    MexicoIndustria de Refrescos, S.R.L.
    
    MexicoBedidas Purificadas Del Sureste S.R.L.
    
    MexicoMarketing Para Embotelladoras SRL
    
    MexicoProcesos Plasticos S.R.L.
    
    MexicoInmobiliaria La Bufa, S.R.L.
    
    MexicoCentral de La Industria Escorpion S.R.L.
    
    MexicoFomentadora Urbana del Sureste, S.R.L.
    
    MexicoEmbotelladora Metropolitana, S.R.L.
    
    MexicoEmbotelladora Potosi, S.R.L.
    
    MexicoElectropura, S.R.L.
    
    MexicoInmobiliaria Operativa S.R.L.
    
    MexicoEmbotelladora Garci-Crespo, S.R.L.
    
    MexicoCommercializadora Vitalite, S.R.L.
    
    MexicoDistribuidora Garci-Crespo, S.R.L.
    
    MexicoBebidas Purificadas Del Noreste, S.R.L.
    
    MexicoTenedora Del Noreste, S.R.L.
    
    MexicoGrupo Embotellador Noreste, S.R.L.
    
    MexicoIndustria de Refrescos Del Noreste, S.R.L.
    
    MexicoThe Pepsi Bottling Group Mexico S.R.L.
    
    MexicoKAS Anorthosis S.C.A.
    
    Luxembourg
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