25.10.2010 - Vinexpo news selection
Pernod Ricard has sold the Renault Cognac brand to the Finnish drinks operation Altia for €10 million.
The acquisition reinforces Altia's position in the Nordic alcohol market where the brand is strong in export.
Altia chief executive Antti Pankakoski said: "The acquisition of Renault represents a perfect fit with Altia's strategy by expanding our market presence in the Nordics and Baltics”. (Harpers / 14 October 2010)