BELGIUM/FRANCE: Castel gets okay for Covéa Group acquisitions
Castel has been given European regulatory approval for a slew of purchases from French mutual insurance group Covéa.
Late last week, the European Commission cleared the French wine producer's joint takeover - with Japan’s Suntory - of France-based wine company Grands Millésimes de France. Approval has also been given to Castel's sole purchase of French wine and spirit firm Savour Club and wine company MAAF Subsidiaries.
All three target companies are subsidiaries of Covéa. Financial details behind all three purchases have not been made publicly available.
Under competition law in the European Union, the commission could have blocked the move if it thought consumers would have been made worse off and it was a “significant impediment to competition”. However, the EC ruled that “the transaction would not raise competition concerns”.
Thai Public Beverage Co has confirmed that it is to extend its presence in soft drinks by acquiring Serm Suk for THB15.42bn (US$514m)....
Suntory and UK distributor Cellar Trends have launched a fresh initiative to promote the Midori melon liqueur brand in the UK....
- Analysis - Storm clouds lift over Diageo Towers
- Where Beer is Brewed Can Leave a Bad Taste
- Focus - Edrington's FY Performance by Brand
- Analysis - Cider's Campaign Gains
- Sustainability in Drinks - Sugar: A Shared Priorit
- Pernod Ricard appoints Absolut Vodka VP
- Former Bacardi exec takes De Kuyper CEO role
- Beam Suntory to re-package Courvoisier Cognac
- TWE, Pernod hail China-Aus FTA
- Brown-Forman looks to raise US$500m
- Global liqueurs insights - market forecasts, product innovation and consumer trends research
- The IWSR Company Profile 2014 – Remy Cointreau
- Diageo plc (DGE) - Financial and Strategic SWOT Analysis Review
- Global Tequila insights - market forecasts, product innovation and consumer trends research
- Beer, 2014 and the future