Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

EU delays sale of Absolut

Share this article

17:24 CEST+02:00
Pernod Ricard has proposed making concessions to the European Commission to avoid competition problems in its acquisition of Sweden's Vin & Sprit, the maker of Absolut Vodka, the Commission said, without giving further details.

European competition departments have prolonged their study of the file and will make a decision on 17 July about whether to allow the deal to proceed, perhaps with some concessions incorporated, or whether to launch a more detailed investigation.

The study was originally due to be completed on July 3rd.

Pernod had announced the acquisition of Vin & Sprit (V&S) at the end of March for a total of €5.626 billion, following an auction by the Swedish government.


Get notified about breaking news on The Local

Share this article

From our sponsors

The ‘fairytale' boarding school nestled in a Swedish village

The words ‘boarding' and ‘school' often summon images of strict teachers, drab dormitories and downcast children. That image couldn't be further from reality at Sigtunaskolan Humanistiska Läroverket (SSHL), where boarders describe the ‘fairytale' school as a home away from home.