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Europe Daily Bulletin No. 7962

11 May 2001
Contents Publication in full By article 29 / 50
GENERAL NEWS / (eu) eu/competition
Commission conditionally approves acquisition by Pernod Ricard and Diageo of Seagram's wines and spirits business

Brussels, 10/05/2001 (Agence Europe) - The European Commission has authorised the French company, Pernod Ricard SA, and British-based Diageo Plc to acquire from Vivendi Universal SA the world-wide spirits and wine business of the Seagram Company Ltd. According to a framework agreement between the acquiring parties, the most important brands and assets of Seagram will be divided between Pernod Ricard and Diageo while a number of other brands and assets will be sold to third parties within a...

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