Pernod Ricard completes sale of New Zealand wine brands
on 04/01/11 at 10:47 amIndustry
Pernod Ricard New Zealand has announced the completion of the sale of Lindauer and several other wine brands to a consortium of buyers for (NZD) $89m (around €50m).
The alcoholic drinks maker has sold its Lindauer brand and several other New Zealand brands including Gisborne and Hawke’s Bay together with their related inventories and assets.
Following clearance from the New Zealand Overseas Investment Office, the transaction was completed on December 22, 2010.
Pernod Ricard was advised in the transaction by Rabobank and Bell Gully.