V&S Vin & Sprit to be sold at auction

The Swedish finance ministry has confirmed that V&S Vin & Sprit will be sold. V&S is one of the world’s biggest spirits companies, owning the Absolut Vodka brand, and is currently a state owned company. It has also been confirmed that it will be sold to the bidder offering the best price and the best overall conditions for the deal. The transaction is expected to be finalized in 2008. Expected bidders are e.g. Pernod Ricard, Fortune Brands, Bacardi, Diageo as well as venture capital funds.

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