Pernod Ricard Announces Completion of the Sale of Lindauer
Pernod Ricard announces the completion of the sale, by its affiliate Pernod Ricard New Zealand, of Lindauer and several other New Zealand wine brands.
12/23/2010 --- Following clearance from the New Zealand Overseas Investment Office and consistent with our previous press release of 18th October 2010, Pernod Ricard announces the completion of the sale, by its affiliate Pernod Ricard New Zealand, of Lindauer and several other New Zealand wine brands from Gisborne and Hawke’s Bay together with their related inventories and assets.
The consortium of buyers is made up of Lion Nathan New Zealand and Indevin.
The transaction was completed on 22nd December, 2010 for a total price of NZD 89 million (circ. EUR 50 million) paid in cash.
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