Societe Immobiliere et Financiere pour l'Alimentation (SIFA) is to swap its stake in Pernod Ricard for new shares in the French drinks group, which are being created as part of a capital increase, a French report said today (10 October).

The newspaper Les Echoes reported that SIFA holds €1bn in shares in Pernod Ricard. The report sources an official French bulletin of legal notices.