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Pernod Ricard Group sells its shares in Ambrosio Velasco for a cash consideration of € 33.1 million

07/01/2010

Pernod Ricard Group announces that it has signed an agreement to sell its shares in Ambrosio Velasco SA to Diego Zamora for a cash consideration of € 33.1 million (excluding debt).

Pernod Ricard Group sells its shares in Ambrosio Velasco for a cash consideration of € 33.1 million

Ambrosio Velasco SA is a Spanish company that owns among others the brand Pacharán Zoco, Palacio de la Vega wine from Navarra, and related assets.

The closing of the transaction is subject to clearance by the Spanish competition authorities.

Pernod Ricard was advised in this transaction by Santander and Cuatrecasas.

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About Diego Zamora


Diego Zamora is a family owned Spanish company, best known  as  the  Producer  of  Licor  43,  the  most popular Spanish liqueur worldwide,  with  a  long history of more than 40 years in the European and American markets (60 countries worldwide), and other premium brands such as Villa  Massa  (best  selling premium Italian Limoncello), Matusalem Rum and Ramon  Bilbao Wines from Rioja.  They  are  also  a  leading  importer  and distributor  in  the  Spanish  market  with  a solid record of achievement within the wine and spirits industry.

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