News

FRANCE/USA: Jean-Marie Messier and Edgar Bronfman, Jr. Comment on Sale of Seagram Spirits and Wine Business

Most popular

Is Conor McGregor a threat to Pernod? - Analysis

Big beer versus craft beer - Is the fight over?

Pernod is buying Malfy for the flavour - comment

Asia - the latest front in the craft beer battle

Is Carlsberg treating consumers like suckers

MORE

In response to today's announcement that Diageo and Pernod Ricard will acquire Seagram's spirits and wine business for $8.15 billion, the following comments were issued today: Jean-Marie Messier, Chairman and Chief Executive Officer of Vivendi Universal, said: "I am very pleased with the agreement we have executed with Diageo and Pernod Ricard. This agreement recognizes the full value of Seagram's spirits and wine business and creates after tax proceeds that exceed Seagram's net debt. This transaction strengthens our balance sheet and helps to create real and immediate value for Vivendi Universal shareholders. We have a great management team in place and strong media and communications businesses that are strategically well positioned. With this sale, we will now focus our energy on achieving the aggressive growth targets that we have set for ourselves."


Related Content

This week in spirits & wine, featuring good news for gin, promotions at Pernod Ricard and the scrapping of wine tariffs between the EU and Japan

This week in spirits & wine, featuring good news for gin, promotions at Pernod Ricard and the scrapp...

What can the spirits and wine industries learn from Pernod Ricard? - Comment

What can the spirits and wine industries learn from Pernod Ricard? - Comment...

Why we need to unlock the potential of the Internet of Things - Industry Comment

Why we need to unlock the potential of the Internet of Things - Industry Comment...

Choosing between beer & spirits in 2019, my drinks stock of the year and activist investors - The just-drinks Analyst

Choosing between beer & spirits in 2019, my drinks stock of the year and activist investors - The ju...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?