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Pernod Ricard Disposes of Spanish Wine Interest

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Pernod Ricard Disposes of Spanish Wine Interest

July 02
09:56 2010

Global spirits and wine group Pernod Ricard has agreed to sell its shares in Spanish drinks company Ambrosio Velasco to Diego Zamora for a cash consideration of Eur33.1m. The closing of the transaction is subject to clearance by the Spanish competition authorities.

Diego Zamora is a family owned Spanish company, best known as the producer of Licor 43, the most popular Spanish liqueur worldwide, and other premium brands such as Villa Massa (best selling premium Italian Limoncello), Matusalem Rum and Ramon Bilbao Wines from Rioja. Diego Zamora is also a leading importer and distributor within the Spanish wines and spirits market.

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