Pernod sells Lindauer wine brand

18 October, 2010

Pernod Ricard New Zealand has announced the disposal of its Lindauer wine brand. The company has also announced the sale of several other New Zealand wine brands from Gisborne and Hawke’s Bay together with their related inventories and assets.

The brands have been acquired by a consortium of buyers made up of Lion Nathan New Zealand and Indevin for a cash consideration of NZD 88 million (circa € 47 million).

The transaction was signed on October 18, 2010.

The closing of the transaction is subject to the New Zealand Overseas Investment Office’s clearance.

Pernod Ricard was advised in this transaction by Rabobank and Bell Gully.

Lion Nathan New Zealand is a business unit of Lion Nathan National Foods, Australasia’s largest food and beverage company.

Indevin is New Zealand’s largest independent contracting winemaker.