Patrick Ricard, chairman of Pernod Ricard told AFX News Ltd that he hopes to sell the Orangina-Pampryl non-alcoholic drinks brand in the coming weeks to Cadbury-Schweppes PLC.
No financial details were disclosed, but the AFX report claims that CEO Jacques Pfister said Cadbury-Schweppes is an excellent candidate to acquire the brand.
Companies: Pernod Ricard
ANALYSIS
Quote, unquote: The Allied/Pernod story in soundbites
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 ...
NEWS
UK: Press round up – AD, Pernod & Fortune - Day 10
Maxxium Worldwide could come under pressure if Pernod and Fortune's Allied Domecq bid is successful, according to press reports today (14 April)....
NEWS
UK: Press round up. AD, Pernod & Fortune - Day 8
It's been a quiet day on the Pernod/Allied Domecq front....
NEWS
UK: Press round up - AD, Pernod & Fortune. Day 7
Conflicting reports circulated this weekend over whether Bacardi International is looking to form a counter-bid for Allied Domecq....
NEWS
UK: Press round-up – AD, Pernod & Fortune. Day 4
Todays press reports into Pernod and Fortune's hopes to buy Allied Domecq warn of possible conflicts and set a date for completion....
NEWS
COMMENT: US key to Pernod, Fortune ambitions
Pernod Ricard and Fortune Brands are considering a US$13 billion bid for Allied Domecq, the world's second-largest spirits company. Were it to take place, Pernod and Fortune would split Allied's brand...
NEWS
UK: Press round-up – AD, Pernod & Fortune. Day 3
Pernod Ricard and Fortune Brands are hoping to buy Allied Domecq for around 670p per share, according to press reports....
NEWS
US: Fortune confirms Allied bid talks
The US consumer goods group Fortune Brands has confirmed it is in talks about launching a joint bid with Pernod Ricard for Allied Domecq....
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