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Pernod Ricard bid OKd for Allied Domecq

By Wine Atlas, Saturday 25 June 2005 :: Wine - France :: #3 :: rss

Pernod Ricard SA on Friday secured European Union antitrust approval to buy Allied Domecq PLC for $14 billion after agreeing to sell certain brands.

The European Commission, the EU's regulatory arm, cleared the purchase after Pernod Ricard agreed to sell Glen Grant, Old Smuggler and Braemar whiskey and the 1920 and CR&F brandy.

The companies also agreed to end certain distribution agreements in Portugal for the Tullamore Dew Irish whiskey brand and Moet & Chandon and Dom Perignon champagnes, the commission said...

Bloomberg News Published June 25, 2005

Source : chicagotribune.com

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