Rémy Cointreau: Exclusive Negotiation
PARIS -- October 31, 2012
The Rémy Cointreau Group (Paris:RCO) announces that it has entered into
exclusive negotiations with the Larsen Family with a view to possibly
acquiring a majority shareholding in Larsen. Founded in 1926, this family-run
company is one of the last independent producers of AOC Cognac, of a
significant size, with a unique range of prestigious products.
Over three generations, Larsen has built up inventories of aged eaux-de-vie
which enables the company to guarantee the quality of its production and
optimise its purchasing power.
In the event of a favourable outcome to the negotiations, the signing of an
agreement will remain subject to authorisation and disclosure procedures in
accordance with current regulations.
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