Pernod Ricard Group Sells Lindauer

Pernod Ricard Group sells Lindauer together with the related inventories and assets for a cash consideration of NZD 88 million (circa € 47 million).

Oct 18 2010 --- Pernod Ricard announces the disposal, by its subsidiary 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 to a consortium of buyers made up of Lion Nathan New Zealand and Indevin for a cash consideration of NZD 88 million (circa € 47 million).

The transaction was signed on October 18, 2010. The closing of the transaction is subject to the New Zealand Overseas Investment Office’s clearance.

Pernod Ricard was advised in this transaction by Rabobank and Bell Gully.