Search
Friday Aug 29 2008
All times are London time
All times are London time
The 6am cut - Alphaville by email
Most Popular Posts
- Macquarie: The 'great unwind' is coming
- The €5.5 trillion unwind
- Further reading
- Britain's top export - drunks
- Turning Japanese? UK house prices
- Further reading
- Lehman's 'mea culpa' letter
- Further reading
- Lunch Wrap
- Preachin' the GDP good news since '78
- Show more...
- Show less...
Blogs we're reading
- 1440 Wall Street
- Abnormal Returns
- Alea
- All About Alpha
- Arbitrage View
- Bespoke Investment Group
- Big Picture
- Brad Setser: Follow the money
- Bronte Capital
- Calculated Risk
- Capital Chronicle
- Capitalist Resistance
- Credit Writedowns
- Crossing Wall Street
- Deal Journal
- Dealbook
- Dealbreaker
- Deus Ex Macchiato
- Felix Salmon
- Financial Armageddon
- Financial Crookery
- Fintag
- Free Exchange
- Infectious Greed
- Information Arbritrage
- Intelligent Mergers
- Interactive Investor
- Jeff Matthews
- Marketbeat
- Naked Capitalism
- Naked Shorts
- Nouriel Roubini
- Paul Wilmott
- Practical Risk Management
- Random Roger
- Reuters DealZone
- Robert Peston
- Short Stories
- Sudden Debt
- The Aleph blog
- The Epicurean Dealmaker
- The Oil Drum
- The price of everything
- Ultimi Barbarorum
- Wallstrip
Classified Jobs
- Finance and Resources Director
- Recruiter: International Accounting Standards
- Director of Finance and Corporate Services
- Recruiter: NSPCC
- Newly Qualified Accountants
- Recruiter: Ernst & Young
- Project Accountant
- Recruiter: Retail/ Private Banking
- Finance Business Partner
- Recruiter: Unilever
- Head of Operational Rigour
- Recruiter: Barclaycard International
- Financial Controller – British Gas Business (ACA, ACCA, CIMA, CPA)
- Recruiter: British Gas Business
- Head of Customer Service - Savings
- Recruiter: Nationwide Building Society
Site Navigation
Principal content
alcatel-lucent allco allianz babcock & brown BAE Systems bank of china bertelsmann Bradford & Bingley calyon Centro china development bank commerzbank credit agricole Dassault Aviation Detica Dresdner Bank evaluate the music Fannie Mae freddie mac From the Guardian gdp housing hsbc icici itv J Sainsbury jpmorgan Lehman Brothers merrill lynch natixis QIA rtl svg Techcombank Thales tune
France’s Pernod wins auction for V&S
France’s Pernod Ricard has won an auction to acquire Sweden’s Vin & Sprit, the maker of Absolut vodka, reports the WSJ. The details of the winning bid were not immediately clear but V&S, owned by the Swedish government, was expected to fetch as much as $7bn. Pernod beat Fortune Brands of the US to the bid after two other contenders, Bacardi and a Swedish buy-out group led by EQT, fell out of the running. An announcement is expected Monday. The FT cites Lehman analysts saying Pernod could raise up to $2bn ($3.2bn) from selling some wine assets, and could also sell some smaller European brands, to finance a purchase of Absolut.
- Advertise with the FT
- Press enquiries
- Student offers
- FT Conferences
- FT Research Centre
- Corporate subscriptions
- FT Group
- Partner sites: Chinese FT.com
- Les Echos
- FT Deutschland
- Expansion
- © Copyright The Financial Times Ltd 2007. "FT" and "Financial Times" are trademarks of The Financial Times Ltd. Privacy policy
- Terms
[…] Lehman analysts suggest Pernod could raise as much as $3.2 billion from selling some of its wine assets and could get rid of some of its smaller European brands to finance the purchase of Absolut, according to FT.com’s Alphaville. […]