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Article: GUINNESS AND LVMH RESTRUCTURE RELATIONSHIP
- Article from:
- PR Newswire
- Article date:
- January 20, 1994
CopyrightCOPYRIGHT 1994 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LONDON, Jan. 20 /PRNewswire/ -- Guinness PLC ("Guinness") and LVMH Moet Hennessy Louis Vuitton SA ("LVMH") jointly announced today a restructuring of their cross-shareholding relationship, to strengthen further their alliance as world leaders in the international spirits industry. Guinness will dispose of its indirect investment in LVMH and acquire a direct investment in Moet Hennessy SA ("Moet Hennessy"), the wines and spirits company of LVMH. The transactions are subject to approval by shareholders of Guinness. In addition, LVMH will reduce its holding in Guinness by 4 percent.
-- Guinness is selling its indirect 24 percent interest in LVMH held through Jacques Rober ...
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