About Civil.ge
Eng | Geo | Rus
Last updated: 10:55 - 1 May.'18
Pernod Ricard Sells Shares in Georgia's GWS
Civil Georgia, Tbilisi / 30 Jun.'11 / 18:48

Pernod Ricard, the French drinks giant, said on June 29 that it had sold shares in Georgian Wine and Spirits LLC (GWS) to Georgian unit of Marussia Beverages BV, wine and spirits group registered in the Netherlands.

Amount of the deal has not been disclosed.

Pernod Ricard, the world’s second-largest spirits group after Diageo, has owned majority of shares in GWS since late 1990s through its affiliate PR Europe S.A.

GWS, once a leading Georgian wine producer company, was founded in 1994 by now an opposition politician Levan Gachechiladze, who sold his remaining 9% shares in the company to Pernod Ricard in December, 2007 to, as he said at the time, fund his presidential campaign.

New owner of GWS is JSC Marussia, a local unit of Marussia Beverages BV. The latter, which is registered in the Netherlands also has its unit in Russia, Marussia Beverages RUS.

Latest News
01 May.'18 10:55
We Have Moved to a New Platform
Direct Your Bookmarks to https://civil.ge.
29 Apr.'18 03:54
Ruling Party Candidate Wins MP By-Elections
Givi Chichinadze will represent Vani and Khoni single-mandate constituency in the Parliament of Georgia.
28 Apr.'18 09:40
Polls Open for Vani and Khoni MP By-Elections
48,123 voters are eligible to cast their ballots in Vani and Khoni single-mandate constituency.
27 Apr.'18 17:23
State Dept’s Europe Affairs Point Man to Visit Tbilisi
Wess Mitchell will meet senior government officials and address the NATO-Georgia Public Diplomacy Forum.
27 Apr.'18 13:45
In Quotes: Georgian Politicians on Ex-PM Bidzina Ivanishvili’s Comeback
Bidzina Ivanishvili will be approved as the Georgian Dream party chairman at the upcoming convention.
26 Apr.'18 18:15
SG Jens Stoltenberg: Georgia NATO’s ‘Very Close’ Partner
The NATO Secretary General says Foreign Ministers meeting tomorrow will recognize the country’s progress.
26 Apr.'18 14:24
Ex-PM Ivanishvili to Chair Georgian Dream Party
Prime Minister Giorgi Kvirikashvili said Ivanishvili was ‘best equipped’ to add new dynamism to the party.
26 Apr.'18 11:12
Lawmaker Proposes Criminal Liability for ‘Insult of Religious Feelings’
The parliamentary human rights committee decided to set up a working group for scrutinizing the draft law.
25 Apr.'18 17:21
New Abkhaz Government Head Appointed
Gennady Gagulia has served as the Abkhaz “prime minister” twice - in 1995-1997, and 2002-2003.
25 Apr.'18 14:43
Watchdog Improves Georgia’s Press Freedom Ranking
None of the countries of the former Soviet Union (except the Baltics) are ranked ahead of Georgia.

About Civil Georgia
Civil.Ge © 2001-2020, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.