Pernod sells Spanish wine brands

Pernod Ricard has announced the disposal, by its subsidiary Domecq Bodegas, of Spanish wine brands Marqués de Arienzo and Viña Eguίa. The sale also includes the related Bodega and 358 hectares of vineyards and lands.

The buyers are a consortium made up of Vinos de los Herederos del Marqués de Riscal SA and Gangutia SL (Bodegas Muriel) and the purchase was made for a cash consideration of €28 million on a debt free / cash free basis.

The transaction was signed and the cash consideration was paid simultaneously on July 21, 2010.

Pernod Ricard was advised in this transaction by BBVA Corporate Finance and Cuatrecasas-Gonçalves-Pereira.