Pernod Ricard has acquired Vin & Spirit, the owner of Absolut vodka, from the Swedish government for €5.626bn.
Pernod Ricard has claimed the deal will make it the co-leader in the global wine & spirits industry with global spirits volumes of 91 million cases.
“The acquisition of V&S is a fantastic opportunity and represents our third transformational acquisition since the Seagram and Allied Domecq transactions," said Patrick Ricard, chairman and CEO of Pernod Ricard.
"Absolut is an exceptional brand. Its integration within our portfolio of premium brands combined with the strength of our worldwide distribution network paves the way for outstanding growth prospects."
Pernod Ricard has claimed the deal will make it the co-leader in the global wine & spirits industry with global spirits volumes of 91 million cases.
“The acquisition of V&S is a fantastic opportunity and represents our third transformational acquisition since the Seagram and Allied Domecq transactions," said Patrick Ricard, chairman and CEO of Pernod Ricard.
"Absolut is an exceptional brand. Its integration within our portfolio of premium brands combined with the strength of our worldwide distribution network paves the way for outstanding growth prospects."
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