There are reports that Japan’s second-largest beer maker, Kirin Brewery Co Ltd, has strengthened its indirect stake in Pernod Ricard.
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This follows a partial withdrawal by French bank, Societe Generale’s subsidiary, Geneval, which has a stake in Pernod shareholder SIFA.
Geneval is said to have sold its 31.8% stake in SIFA (Societe Immobiliere et Financiere Pour L’Alimentation), which owns 10.24% of Pernod and has 16.6% voting rights. Part of the stake has been acquired by Kirin, which now owns 47.5% of SIFA compared to 32.4% previously making it the holding company’s biggest single shareholder. Other shareholders are Santa Lina (Pernod) and Don Rafael Gonzalez Gallarza, the head of Larios gin.
The operation lifts Kirin’s indirect stake in Pernod to 4.8% with 7.9% voting rights.
Societe Generale has retained a direct stake of 4.2%.
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