Pernod Ricard Sells Renault Cognac Brand To Altia For EUR10M

on 14/10/10 at 11:41 am


French wine and spirits company Pernod Ricard S.A. (RI.FR) said Thursday that it’s selling its Renault cognac brand together with some finished products inventories to Finnish state-owned alcoholic drinks company Altia for EUR10 million in cash.


– The closing of the transaction is subject to clearance by the Swedish and Norwegian competition authorities.

– By Paris Bureau, Dow Jones Newswires; +331-4017-1740;

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