FRANCE: Remy sells own shares for €11m
Remy Cointreau has sold 602,430 of its own shares to a unit of Barclays Plc at an average price of €23.24 a share, raising €11.31m. Remy said the move gives it greater financial flexibility.
The French wine and spirits producer said the deal includes a clause allowing Remy to repurchase the shares for the same price from Barclays Capital Securities Ltd.
The deal also included the purchase by Remy Cointreau of 224,497 call options from Barclays.
As Pernod Ricard, Allied Domecq and Fortune Brands close in on the biggest drinks industry deal since the sale of Seagram, opinion about how the deal will be structured and who stands to win and lose ...
Remy Cointreau is looking to restructure its Champagne business, according to local reports....
Remy Cointreau has had its investor rating raised....
Remy Cointreau has posted a drop in full year net profit in spite of increasing revenues....
Remy Cointreau has signed a five-year credit facility for around €500m....
Remy Cointreau has gone to holders of one of its bonds to gain permission to complete the sale of its stake in Bols....
Remy Cointreau has posted a slight rise in revenue growth for fiscal year 2005....
The Polish unit of Remy Cointreau has pulled out of the race for a majority stake in Polmos Bialystok....
- Analysis - Stock Spirits: Poland's number one
- What's on the M&A cards for San Miguel Brewery?
- A-B InBev's Move on Tennent's Super Makes Sense
- Comment - Wine - Not on the List
- Interview - PepsiCo chief scientific officer
- Pernod Ricard's Café de Paris Pear, Pomegranate
- PepsiCo CEO sees "profound" change in US consumers
- First Drinks becomes William Grant UK
- William Grant & Sons boosts Travel Retail team
- Pernod takes 84% stake in Avion Spirits