Kirin sells stake in Pernod Ricard for $528mln

Thu Jun 25, 2009 3:43am EDT
 
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TOKYO, June 25 (Reuters) - Japanese beer maker Kirin Holdings (2503.T) said on Thursday it has sold its 3.7 percent stake in France's Pernod Ricard (PERP.PA) for about 378 million euros ($528.2 million).

The company had announced the stake sale to Le Delos Invest III, a unit of Societe Paul Ricard in April.

Kirin said the sale would not impact its profit forecast for this year. ($1=.7156 Euro) (Reporting by Taiga Uranaka; Editing by Hugh Lawson)

 

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