Pernod Ricard Espana has completed the sale of its shares in Ambrosio Velasco to Diego Zamora for a total price of 32.4 M€ in cash.
The announcement follows “satisfaction of regulatory closing conditions” and the proposal was first announced on July 1 2010.
Ambrosio Velasco SA is a Spanish company that owns among others the brand Pacharán Zoco, Palacio de la Vega wine from Navarra, and related assets.
In his inaugural column for Drinks International, Branson takes a wider look at the overall non-alcoholic spirits sector to identify which brands will thrive and which won’t survive.
