Pernod Ricard remains interested in buys; special focus on US market
French beverages group Pernod Ricard remains interested in acquisitions that add to the group’s portfolio, Boersen-Zeitung reported.
Gilles Bogaert, the chief financial officer of Pernod Ricard, told the German newspaper that the group is interested in the US market, especially in premium brands with excellent growth potential. However, he made clear in the article that any buy has to adhere to the strict financial and strategic guidelines of Pernod Ricard, as well as create additional value and remain within the defined debt limits. Bogaert stressed in the report that Pernod Ricard wants to retain its investment grade at all costs.
Pernod Ricard has a market cap of EUR 24.185bn.
Source Boersen-Zeitung