No.12427 July 23, 2015
Tokyo, Japan, 23 July -- Suntory Holdings Limited today announced it has entered into a definitive agreement to sell Louis Royer S.A.S. to Terroirs Distillers, a privately-held fine spirits company based in France. The transaction includes the Louis Royer cognac brand, aging inventories, and facilities in France. The purchase price is approximately 100 million euros.
The companies expect to complete the transaction by the end of August.
|Louis Royer S.A.S.|
|■ Directeur General||:||Jean-Pierre Dematteo|
|■ Description of business||:||Production and sale of fine spirits products including Louis Royer Cognac.|
|■ President||:||Gabriel Picard|
|■ Description of business||:||Production and sale of fine spirits products including Tullibardine Single Malt and Highland Queen Scotch Whisky|