JAPAN: Kirin Holdings completes Pernod Ricard stake sale

Author: | 26 June 2009

Kirin Holdings has completed the sale of its 3.74% stake in Pernod Ricard for EUR378m (US$532m).

Kirin said today (26 June) it has sold the stake to Le Delos InvestIII, an investment vehicle controlled by Societe Paul Ricard.

The Japanese brewer said it would sell the stake after signing a joint venture agreement with Pernod rival Diageo in Japan.

Following news of the venture, Pernod also announced that it would end its distribution deal with Kirin in Japan.

 

Sectors: Beer & cider, Spirits, Wine

Companies: Kirin, Ricard, Pernod, Diageo

View next/previous articles

Currently reading -

JAPAN: Kirin Holdings completes Pernod Ricard stake sale

There are currently no comments on this article

Be the first to comment on this article

Related research

Datamonitor personal products companies report - Global top 10 beverage companies

Scope: ‘Top 10 Global Beverage Companies Report: Strategic evaluation of industry and key players’ is a business report that provides a comprehensive view of the beverage industry and its top 10 companies. The report includes the following: – In...

Global Opportunities for Leading Spirits Players Despite the Economic Downturn

The spirits industry, like other industries, has been hit by the current global economic crisis. Euromonitor International's latest Global Briefing, "Global Opportunities for Leading Spirits Players despite the Economic Downturn", looks at how spirit...

Related articles

just the decade - The stories that defined the 2000s

As the decade draws to a close and just-drinks reflects on its first ten years of publication, our editorial team picks the ten stories that defined the noughties for the drinks industry and shaped our editorial coverage as we grew from 600 readers a month to 100,000.

Review of the Year 2009 - Wine

From the vineyards of Australia to the boardrooms of the multi-nationals; from job losses and bankruptcies in the UK to the consolidation of the fragmented French sector - few aspects of the world's wine industry were unaffected by the continued economic downturn in 2009. Richard Woodard looks at the tumultuous 12 months endured by the wine industry.

just the ten - Top News Stories of 2009

With the end of the year looming, just-drinks is running a series of 'Top Tens of the Year' in the run-up to Christmas. Today, it's the Top Ten Most Read News Stories of 2009.

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page