Bacardi targets Sweden's Absolut
AFP · 5 Mar 2007, 09:08
Published: 05 Mar 2007 09:08 GMT+01:00
Sweden's centre-right government presented a bill to parliament on Friday to sell state holdings in six companies including the owner of the Absolut Vodka brand, Vin and Sprit.
"V and S and Absolut especially would be a terrific fit for Bacardi," Bacardi chief executive Andreas Gembler told the Financial Times.
"Of the few global brands that are really left to acquire, V and S - and in particular Absolut - obviously represents a jewel for a company like ours."
The FT said that analysts had valued V and S at about 4.3 billion euros (5.7 billion dollars).
The Swedish government has not said when it will sell the stake in V and S and the other state-owned companies, or whether it would sell all or just part of its holdings.