Pernod Ricard Buys Majority Stake in La Hechicera
By Kim Richters
Pernod Ricard SA said Friday that it signed an agreement to take
over a majority stake in Colombian rum La Hechicera.
The French drinks group didn't comment on the financial terms of
the deal but said it expects it to close in the coming weeks.
Pernod Ricard said it was "pursuing its active portfolio
management strategy," which is part of its strategic plan.
Write to Kim Richters at firstname.lastname@example.org
(END) Dow Jones Newswires
March 05, 2021 12:35 ET (17:35 GMT)
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