Exhibit 21
   Name of Subsidiary
    
    JurisdictionBermuda Holdings, LLC
    
    DelawareBottling Group Holdings, Inc.
    
    DelawareBottling Group, LLC
    
    DelawareC & I Leasing, Inc.
    
    MarylandGemex Holdings LLC
    
    DelawareGray Bern Holdings, Inc.
    
    DelawareGrayhawk Leasing, LLC
    
    DelawareHillwood Bottling, LLC
    
    DelawareInternational Bottlers Management Co. LLC
    
    DelawareLuxembourg SCS Holdings, LLC
    
    DelawareNew Bern Transport Corporation
    
    DelawarePBG Canada Holdings, Inc.
    
    DelawarePBG Canada Holdings II, Inc.
    
    DelawarePBG Horizon, LLC
    
    DelawarePBG 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
    
    LuxembourgPepsi-Cola Batavia Bottling Corporation
    
    New YorkPepsi Bottling Group Global Finance LLC
    
    DelawarePepsi Northwest Beverages LLC
    
    DelawarePrimrose, LLC
    
    DelawareWoodlands Insurance Company, Inc.
    
    VermontThe Pepsi Bottling Group (Canada), Co.
    
    CanadaPBG Investment Partnership
    
    CanadaPBG Investment (Luxembourg) Sarl
    
    LuxembourgPepsi Bottling Group GmbH
    
    GermanyTanglewood Finance, Sarl
    
    LuxembourgPRB Luxembourg Sarl
    
    LuxembourgPRB Luxembourg International Sarl
    
    LuxembourgKAS Anorthosis S.C.A.
    
    LuxembourgPepsiCo IVI S.A.
    
    Greece
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Name of Subsidiary
    
    JurisdictionPBG Beverages Ireland Limited
    
    IrelandPBG Beverages International Limited
    
    IrelandPR Beverages Limited
    
    IrelandSeraldo Investments Ltd
    
    CyprusSercombes Enterprises Ltd
    
    CyprusPR Beverages Bermuda Holding Ltd
    
    BermudaPBG Cyprus Holdings Limited
    
    CyprusPepsi-Cola Bottling Finance B.V.
    
    The NetherlandsPepsi-Cola Bottling Global B.V.
    
    The NetherlandsPepsiCo Holdings OOO (Russia)
    
    RussiaPepsi-Cola Soft Drink Factory of Sochi
    
    RussiaSobol Aqua ZAO
    
    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. de C.V
    
    MexicoEmbotelladora de Refrescos Mexicanos S.R.L. de C.V
    
    MexicoEmbotelladora Moderna, S.R.L de C.V
    
    MexicoEmbotelladora La Isleta, S.R.L. de C.V
    
    MexicoEmbotelladores Del Bajio, S.R.L. de C.V
    
    MexicoFinvemex, S.R.L. de C.V
    
    MexicoNueva Santa Cecilia, S.R.L. de C.V
    
    MexicoServicios Administrativos Suma, S.R.L. de C.V
    
    MexicoBienes Raices Metropolitanos, S.R.L. de C.V
    
    MexicoFomentadora Urbana Metropolitana, S.R.L. de C.V
    
    MexicoIndustria de Refrescos, S.R.L. de C.V
    
    MexicoBebidas Purificadas Del Sureste S.R.L. de C.V
    
    MexicoMarketing Para Embotelladoras SRL de C.V
    
    MexicoProcesos Plasticos S.R.L. de C.V
    
    MexicoInmobiliaria La Bufa, S.R.L. de C.V
    
    MexicoCentral de La Industria Escorpion S.R.L. de C.V
    
    MexicoFomentadora Urbana del Sureste, S.R.L. de C.V
    
    MexicoEmbotelladora Metropolitana, S.R.L. de C.V
    
    MexicoEmbotelladora Potosi, S.R.L. de C.V
    
    MexicoElectropura, S.R.L. de C.V
    
    MexicoInmobiliaria Operativa S.R.L. de C.V
    
    MexicoEmbotelladora Garci-Crespo, S.R.L. de C.V
    
    MexicoComercializadora Vitalite, S.R.L. de C.V
    
    MexicoDistribuidora Garci-Crespo, S.R.L. de C.V
    
    MexicoBebidas Purificadas Del Noreste, S.R.L. de C.V
    
    MexicoTenedora Del Noreste, S.R.L. de C.V
    
    MexicoGrupo Embotellador Noreste, S.R.L. de C.V
    
    MexicoIndustria de Refrescos Del Noreste, S.R.L. de C.V
    
    MexicoThe Pepsi Bottling Group Mexico S.R.L. de C.V
    
    Mexico
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