Pernod stays hopeful despite setback
Article Abstract:
Pernod Ricard SA's external growth plan is called into question after French regulators disapproved Atlanta, GA-based Coca-Cola's acquisition of Pernod Ricard's Orangina orange softdrinks brand. The sale of the brand could have given Pernod Ricard the five billion francs it needed to finance a shift from softdrinks to spirits. Moreover, the sale would have raised Pernod Ricard's financial resources to around 12 billion francs, which it planned to spend in acquiring one or more spirits brand. An observer said that any merger plans will have to be set aside for the meantime. Despite the disapproval of the sale, analysts say that Pernod Ricard's fundamentals still justify buying its shares at present levels.
Comment:
Is being questioned about its external growth plans after French regulators blocked sale of Orangina brand to Coca-Cola
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Lobbying comes of age in EU
Article Abstract:
German corporate payments to politicians has highlighted the need for regulation as a disagreement in lobbying ethics comes to the fore in Europe's business community.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2005
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