Categorized | News

Tia Maria Sold by Pernod to Illva Saronno

Pernod Ricard yesterday announced the disposal of it’s coffee liqueur Brand Tia Maria to Illva Saronno for a cash consideration of Euro 125m (£107.7m) on a cash free/debt free basis. The transaction was lower than Pernod hoped to make from the sale. The sale of Tia Maria, together with other disposals, is part of Pernod Ricard’s plan to reduce its debts since it acquired of Vin & Sprit, the maker of Absolut Vodka, in July 2008.

Tags | , , ,

Sunday, December 17, 4:11 am

Search by Tag