Pernod Ricard, the world’s second-largest wine and spirits producer with a storied history dating back 200-plus years, is back at the negotiating table.
Street Talk understands Accolade Wines, Australia’s second-largest wine group, is seeking to agree terms with the Paris-listed winemaker to pick up its Australian assets, which could fetch a price tag of about $500 million.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
