FRANCE: Frère company gains Pernod voting rights

By | 2 April 2007

A major shareholder in Pernod Ricard has upped its stake in the French drinks giant.

The French market regulator AMF confirmed late last week that Groupe Bruxelles Lambert, the Belgian holding company of Belgian businessman Albert Frère, now holds 5.53% of Pernod's capital. GBL has subsequently breached the 5% threshold for voting rights, AMF noted.

Earlier this year, Paul Ricard, the holding company for the Ricard family, and the Dutch finance arm of Japanese brewer Kirin upped their joint stake in Pernod.

The two companies, which act together through a shareholder pact, upped their combined stake to 15.69% from 14.42% in January. Combined, GBL, Paul Ricard and Kirin now hold 21.75% of the voting rights.

Sectors: Spirits, Wine

Companies: Pernod, Ricard, Kirin

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