Pernod Ricard shares slip on report of UK bid

4th February 2005, Comments 0 comments

PARIS, Feb 4 (AFP) - The price of shares in French drinks and spirits group Pernod Ricard slipped in early trading on Friday on a press report suggesting that the company might bid for Allied Domecq of Britain.

PARIS, Feb 4 (AFP) - The price of shares in French drinks and spirits group Pernod Ricard slipped in early trading on Friday on a press report suggesting that the company might bid for Allied Domecq of Britain.

Pernod Ricard shares were showing a loss of 0.94 percent to EUR 105.40.

The French market as measured by the CAC 40 index had gained 0.30 percent to 3,940.82 points.

The Wall Street Journal newspaper had reported on Friday that Pernod Ricard was considering a takeover bid for Allied Domecq which owns the Beefeater gin and Stolichnaya vodka brands.

However, the two companies were not holding talks, the newspaper said, on the basis of sources close to the matter.

A spokesman for Allied Domecq told the newspaper that the suggestion was "speculation" and Pernod Ricard declined to comment.

© AFP

Subject: French News

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