Pernod Ricard Group sells Marqués de Arienzo™, its related Bodega and vineyards for a cash consideration of € 28 million07/22/2010
Pernod Ricard announces the disposal, by its subsidiary Domecq Bodegas, of Spanish wine brands Marqués de Arienzo™ and Viña Eguίa™, the related Bodega and 358 hectares of vineyards and lands to a consortium of buyers made up of Vinos de los Herederos del Marqués de Riscal SA and Gangutia S.L. (Bodegas Muriel) for a cash consideration of € 28 million on a debt free / cash free basis.
The transaction was signed and the cash consideration was paid simultaneously on July 21st, 2010.
Pernod Ricard was advised in this transaction by BBVA Corporate Finance and Cuatrecasas-Gonçalves-Pereira.
About Vinos de los Herederos del Marqués de Riscal SA
Vinos de los Herederos del Marqués de Riscal has always been a pioneer company seen as a reference in its sector. It turned to be the first bodega in 1858 to elaborate its wines based on methods coming from Bordeaux region. In 1972, it was also the first bodega to impulse the development of Denomination of Origin Rueda, where its much vaunted White wines are elaborated. More recently it opened the Ciudad del Vino with a frontrunner building conception from the architect Frank O. Gehry, which is known as the most vanguardish work performed to date by a Spanish bodega. Marqués de Riscal distributes its products within more than 92 countries. They have received the highest international awards and benefit from many references in specialized press.
About Gangutia S.L.The Bodegas Muriel-Gangutia Group is currently managed by the Murúa family’s third generation (Murúa Gangutia), which has developed its Rioja wines commercialization, selling 80% of its wines in international markets.
About Pernod Ricard
Pernod Ricard is the world’s n°2 in wines and spirits with consolidated Sales of € 8,558 million in 2014/15. Created in 1975 by the merger of Ricard and Pernod, the Group has undergone sustained development, based on both organic growth and acquisitions: Seagram (2001), Allied Domecq (2005) and Vin&Sprit (2008). Pernod Ricard holds one of the most prestigious brand portfolios in the sector: Absolut Vodka, Ricard pastis, Ballantine’s, Chivas Regal, Royal Salute and The Glenlivet Scotch whiskies, Jameson Irish whiskey, Martell cognac, Havana Club rum, Beefeater gin, Kahlúa and Malibu liqueurs, Mumm and Perrier- Jouët champagnes, as well Jacob’s Creek, Brancott Estate, Campo Viejo, Graffigna and Kenwood wines. Pernod Ricard employs a workforce of approximately 18,000 people and operates through a decentralised organisation, with 6 “Brand Companies” and 80 “Market Companies” established in each key market. Pernod Ricard is strongly committed to a sustainable development policy and encourages responsible consumption. Pernod Ricard’s strategy and ambition are based on 3 key values that guide its expansion: entrepreneurial spirit, mutual trust and a strong sense of ethics. Pernod Ricard is listed on Euronext (Ticker: RI; ISIN code: FR0000120693) and is part of the CAC 40 index.
Contacts Pernod Ricard
Julia MASSIES / Financial Communication – Investor Relations VP
Tel: +33 (0)1 41 00 41 71
Sylvie MACHENAUD / Director External Communications
Tel: +33 (0)1 41 00 42 74
Emmanuel VOUIN / Press Relations Manager
Tel: +33 (0)1 41 00 44 04
Apolline CELEYRON / Press Relations Officer
Tel: +33 (0)1 41 00 40 97