The Pernod Ricard team were in London today (February 18) to flesh on the bones for their half year interim results which were announced last week.
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.