I became an honorary Gin Rectifier last night (May 9). I took an oath and now I am duty bound to promote the best interests of gin.
The transaction also includes the sale of the Aalborg production plant in Denmark.
Pernod Ricard said the the disposal is in line with the group’s strategy to "focus on its priority brands".
The closing of the transaction is subject to approval by the relevant competition authorities and is expected to be completed by the third quarter of the financial year 2012/13.
Pernod Ricard was advised in this transaction by BNP Paribas, Horten and Gide Loyrette Nouel.