SWEDEN: Vin & Sprit dismisses false figures claims

By | 12 February 2008

Vin & Sprit has shrugged off reports that the Swedish state exaggerated its prospective results in a prospectus used to promote the sale of the company.

The prospectus, which was distributed to up to 30 interested parties to provide indicative bids for the company, was sent out a week before the scheduled yearly report. When V&S presented its full-year results late last month, the figures were lower than the ones firecast in the prospectus, according to local reports..

Speaking to just-drinks today (12 February), however, a spokesperson for V&S said: "I don't know what they [the false figure allegations] refer to. We issued the prospectus last November. They have the full-year figures dating back and the budget figure for 2007. Bidders have all the details now."

Groups interested in Vin & Sprit include Pernod Ricard, Fortune Brands, Bacardi and private equity firms Investor and EQT, with Diageo out of the running following its Ketel One vodka deal, announced last week.

Sectors: Spirits, Wine

Companies: Pernod, Ricard, Fortune Brands, Bacardi, Diageo

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