Regulatory News:
Press release: Paris, 22 December 2010
Following clearance from the New Zealand Overseas Investment Office and
consistent with our previous press release of 18th October
2010, Pernod Ricard (Paris:RI) 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.
About Lion Nathan New Zealand
Lion Nathan New Zealand is a business unit of Lion Nathan National Foods, Australasia’s largest food and beverage company. Its success is built on the foundations of great people and great brands. In New Zealand, Lion Nathan employs more than 1000 people and boast a portfolio of some of New Zealand’s most adored brands in beer, wine, spirits and RTD’s including Steinlager, Speight’s, Wither Hills, Daniel Le Brun, Smirnoff, Coruba, William Grants & Sons, Jose Cuervo, Bacardi and 42 Below.
About Indevin
Indevin are New Zealand’s largest independent contracting winemakers and provide tailored wine making services to clients of all sizes. Indevin operate two “one stop” wineries in Marlborough and Hawke’s Bay with a capacity of 30,000 tonnes per annum. They also have an experienced team of fully qualified winemakers, cellar and laboratory staff who work with clients to produce a multitude of award winning New Zealand wines.
About Pernod Ricard
Pernod Ricard is the world’s co-leader in wines and spirits with
consolidated sales of € 7,081 million in 2009/10. Created in 1975 by the
merger of Ricard and Pernod, the Group has undergone sustained
development, based on both organic growth and acquisitions: Seagram
(2001), Allied Domecq (2005) and Vin & Sprit (2008). Pernod Ricard holds
one of the most prestigious brand portfolios in the sector: Absolut
Vodka, Ricard pastis, Ballantine’s, Chivas Regal, Royal Salute and The
Glenlivet Scotch whiskies, Jameson Irish Whiskey, Martell cognac, Havana
Club rum, Beefeater gin, Kahlúa and Malibu liqueurs, Mumm and
Perrier-Jouët champagnes, as well Jacob’s Creek, Brancott Estate
(formerly Montana), Campo Viejo and Graffigna wines. Pernod Ricard
employs a workforce of about 18,000 people and operates through a
decentralised organisation, with 6 “Brand Companies” and 70
“Distribution Companies” established in each key market. Pernod
Ricard is strongly committed to a sustainable development policy and
encourages responsible consumption. Pernod Ricard’s strategy and
ambition are based on 3 key values that guide its expansion:
entrepreneurial spirit, mutual trust and a sense of ethics.
Pernod
Ricard is listed on the NYSE Euronext exchange (Ticker: RI; ISIN code:
FR0000120693) and is a member of the CAC 40 index.
Please
visit our website for more information: www.pernod-ricard.com
Contacts:
Denis FIEVET
Financial
Communication - Investor Relations VP
Tel: +33 (0)1 41 00 41 71
or
Stéphanie
SCHROEDER
External Communications Deputy Director
Tel: +33
(0)1 41 00 42 74
or
Florence TARON
Press Relations Manager
Tel:
+33 (0)1 41 00 40 88