Pernod Ricard Sells Renault Cognac Brand To Altia For EUR10M

on 14/10/10 at 11:41 am

Industry

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.

MAIN FACTS:

- 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; elena.berton@dowjones.com

Enhanced by Zemanta