FRANCE: Morgan Stanley’s Pernod stake drops - report

By just-drinks.com editorial team | 28 November 2007

Morgan Stanley's stake in Pernod Ricard has fallen following the sale of shares on the market, according to reports.

Dow Jones cited French stock market regulator AMF yesterday (27 November), saying that the US bank, which over the last two months upped its stake to 6.5% for over EUR1bn (US$1.48bn), now holds a 4.94% stake of Pernod's capital and a 4.47% voting stake.

The Ricard family remains the group's leading shareholder, holding a 10.7% stake

Sectors: Spirits, Wine

Companies: Pernod, Ricard