Pernod sells Suntory shareholding

04 April, 2011

Pernod Ricard has announced the sale of its minority shareholding in Suntory Holdings, which stands at around 1%.

Suntory, which recorded consolidated sales of 1.742 billion Yen (€14.5m) in 2010, has bought back the shareholding for a cash consideration of 4.66 billion Yen (€40m).

A statement from Pernod Ricard read: “The sale of the shareholding does not change the close relationship between the two groups and the ongoing development of their joint business in Japan, which continues to distribute certain Pernod Ricard brands, principally Ballantine’s, Beefeater, Kahlua and Malibu.”

Pernod Ricard was advised in the transaction by Nomura and Nagashima Ohno & Tsunematsu.

Printer friendly version
Email this article to a friend
Keywords: ricard, sale, pernod, pernod ricard, billion, suntory, distribute, shareholding, yen, continues, certain, billion yen, ongoing development, joint business, distribute certain, ricard brands principally, pernod ricard brands, read “the sale, distribute certain pernod, certain pernod ricard




Digital Edition

Drinks International digital edition is available ahead of the printed magazine. Don’t miss out, make sure you subscribe today to access the digital edition and all archived editions of Drinks International as part of your subscription.

Comment

Tess Posthumus

The Great Tipping Debate

Tipping can be a difficult subject in the bar industry. As a bar owner, bartender and regular consumer, I see it from every perspective and it can be tricky to get right.

Instagram

Facebook

Twitter