Pernod Ricard Group Sells Its Minority Shareholding in Suntory Holdings Limited
The sale of the shareholding does not change the close relationship between the two groups and the ongoing development of their joint business in Japan.
4/5/2011 --- Pernod Ricard Group announces the sale of its minority shareholding in Suntory Holdings Limited (circ. 1%). The shareholding has been bought back by Suntory Holdings Limited for a cash consideration of 4.66 billion Yen (circ. 40m Euros), which has been received on April 4th, 2011.
The sale of the shareholding does not change the close relationship between the two groups and the ongoing development of their joint business in Japan, which continues to distribute certain Pernod Ricard brands, principally Ballantine’s, Beefeater, Kahlua and Malibu.