Tonic for Pernod-Ricard

Wednesday 24 December 1997 00:02 GMT

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Tonic for Pernod-Ricard

Shares in Pernod-Ricard rose 5 per cent in Paris after it sold its Orangina drink brand to Coca-Cola for $840m to concentrate on higher-margin spirit brands. It may now buy Dewar's whisky and Bombay Gin, brands that Guinness and Grand Met must dispose of under the terms of their merger.

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