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The City: Diageo declines Montana option
‘You will hear the cheer from Paris in London.’ So said Pernod Ricard’s joint MD Richard Burrows only a month ago on the possibility of Diageo not taking up an option to buy most of Montana, New Zealand’s biggest wine producer, from the French group. At the time, Diageo was duly diligent, and Pernod Ricard expected the world’s biggest drinks group to pay about £320m, excluding the Corban’s, Stoneleigh and Church Road brands. ...
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