Pernod Ricard has signed an agreement to acquire HiteJinro’s 30% stake in Pernod Ricard Korea Imperial for a total price of KRW 70bn.
Pernod Ricard owns 70% of Imperial and the buyout will give Pernod Ricard 100% ownership of the company, owner of the leading local whiskies in the important Korean market.
The transaction is expected to close on or before 15 June 2012.
Source: Pernod Ricard
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