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Completion of the selected local Nordic brands disposal

05/03/2010

Completion of the selected local Nordic brands disposal

Completion of the selected local Nordic brands disposal

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Following satisfaction of regulatory closing conditions and in line with the previous press release of 15 February 2010, Pernod Ricard announces the completion of the sale to Altia of a number of Swedish and Danish assets for a cash consideration of SEK 835 million, or € 87 million at current exchange rate.

About Altia

Altia is a wine and spirit service company producing, distributing, marketing and selling own and supplier brands. It distills barley spirit for beverages, and has strong local products and few international brands such as Koskenkorva, Maximus and Grönstedts, and it represents international quality brands from all over the world.
Altia is owned by the State of Finland. In 2009, net sales of Altia amounted to 407.3 million euros and the number of personnel is almost 950. The company operates in Finland, Sweden, Norway, Denmark, Estonia and Latvia. Altia has a distillery in Koskenkorva (Finland) and a beverage plant in Rajamäki (Finland) with traditions reaching back to 1888. The Tabasalu alcoholic beverage plant in Estonia is a producer of smaller lots. Altia is the market leader in Finland and grows to a leading player in Sweden.



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