Pernod confirms talks to gain 100% of Korean company

25 May, 2012
By Lucy Britner

Pernod Ricard has confirmed that it is in discussion with the Korean company Hite Jinro to buy its 30% stake in Pernod Ricard Korea Imperial.

A statement from the Paris-headquartered firm said: "Nothing has been decided to date. If detailed confirmation on the buyout or related matters is made in the future, Pernod Ricard will disclose such fact when confirmed."

Pernod Ricard currently owns 70% of Pernod Ricard Korea Imperial, owner of the Imperial brand, a popular local whisky in the Korean market.

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