The French bank Caisse des Depots et Consignations (CDC) has sold part of its stake in the French drinks giant Pernod Ricard, reducing its stake from to 4.94%, CDC said yesterday.

CDC decreased its stake in Pernod Ricard via its subsidiary CDC Ixis Capital Market. CDC currently holds directly and indirectly some 3.49 million Pernod Ricard shares and 4.09 pct of the voting rights in the company.