{"id":393338,"date":"2020-12-04T01:33:10","date_gmt":"2020-12-04T06:33:10","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=393338"},"modified":"2020-12-04T01:33:10","modified_gmt":"2020-12-04T06:33:10","slug":"remy-cointreau-sells-its-shares-in-the-passoa-sas-joint-venture-to-the-lucas-bols-group","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/remy-cointreau-sells-its-shares-in-the-passoa-sas-joint-venture-to-the-lucas-bols-group\/","title":{"rendered":"R\u00e9my Cointreau Sells Its Shares in the Passo\u00e3 SAS Joint Venture to the Lucas Bols Group"},"content":{"rendered":"

<\/p>\n

R\u00e9my Cointreau Sells Its Shares in the Passo\u00e3 SAS Joint Venture to the Lucas Bols Group<\/b><\/p>\n

PARIS–(BUSINESS WIRE<\/a>)–
\nRegulatory News:\n<\/p>\n

\nThe R\u00e9my Cointreau Group (Paris:RCO) announces that it has sold its shares in the Passo\u00e3 SAS joint venture to Lucas Bols Amsterdam B.V. for \u20ac 71.3 million. The joint venture was formed in December 2016 to operate and further develop the Passo\u00e3 brand in France and in international markets.\n<\/p>\n

\nThis disposal is consistent with R\u00e9my Cointreau’s brand elevation strategy.\n<\/p>\n

About R\u00e9my Cointreau: <\/i><\/b><\/p>\n

All around the world, there are clients seeking exceptional experiences; clients for whom a wide range of terroirs means a variety of flavours. Their exacting standards are proportional to our expertise \u2013 the finely-honed skills that we pass down from generation to generation. The time these clients devote to drinking our products is a tribute to all those who have worked to develop them. It is for these men and women that R\u00e9my Cointreau, a family-owned French Group, protects its terroirs, cultivates exceptional multi-centenary spirits and undertakes to preserve their eternal modernity. The Group\u2019s portfolio includes high-end and singular brands, such as the R\u00e9my Martin and Louis XIII cognacs, and Cointreau liqueur. R\u00e9my Cointreau has a single ambition: becoming the world leader in exceptional spirits. To this end, it relies on the commitment and creativity of its 1,850 employees and on its distribution subsidiaries established in the Group\u2019s strategic markets. R\u00e9my Cointreau is listed on Euronext Paris. <\/i><\/p>\n

About Lucas Bols N.V.<\/i><\/b><\/p>\n

Lucas Bols is the world\u2019s oldest distilled spirits brand and one of the oldest Dutch companies still in business. Building on its more than 440 year-old heritage dating back to 1575, the company has mastered the art of distilling, mixing and blending liqueurs, genever, gin and vodka. Lucas Bols owns a portfolio of more than 20 premium and super premium brands of different spirits used in cocktail bars worldwide. Its products are sold in more than 110 countries around the world. Lucas Bols has been listed on Euronext Amsterdam (BOLS) since 4 February 2015. Lucas Bols holds the number one position in liqueur ranges worldwide (outside the USA) and is the world\u2019s largest player in the genever segment. Many of Lucas Bols\u2019 other products have market or category-leading positions. Furthermore, Lucas Bols is a leading player in the bartending community. Through the House of Bols Cocktail & Genever Experience and Europe\u2019s largest bartending school, the Bols Bartending Academy, the company provides inspiration and education to both bartenders and consumers.<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201203005477\/en\/<\/a><\/span><\/p>\n

Laetitia Delaye +33 7 87 25 36 01<\/i><\/p>\n

KEYWORDS:<\/b> Europe United States North America France<\/p>\n

INDUSTRY KEYWORDS:<\/b> Retail Food\/Beverage Wine & Spirits<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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R\u00e9my Cointreau Sells Its Shares in the Passo\u00e3 SAS Joint Venture to the Lucas Bols Group PARIS–(BUSINESS WIRE)– Regulatory News: The R\u00e9my Cointreau Group (Paris:RCO) announces that it has sold its shares in the Passo\u00e3 SAS joint venture to Lucas Bols Amsterdam B.V. for \u20ac 71.3 million. The joint venture was formed in December 2016 to operate and further develop the Passo\u00e3 brand in France and in international markets. This disposal is consistent with R\u00e9my Cointreau’s brand elevation strategy. About R\u00e9my Cointreau: All around the world, there are clients seeking exceptional experiences; clients for whom a wide range of terroirs means a variety of flavours. Their exacting standards are proportional to our expertise \u2013 the finely-honed skills that we pass … <\/p>\n

Continue reading “R\u00e9my Cointreau Sells Its Shares in the Passo\u00e3 SAS Joint Venture to the Lucas Bols Group”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-393338","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nR\u00e9my Cointreau Sells Its Shares in the Passo\u00e3 SAS Joint Venture to the Lucas Bols Group - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/remy-cointreau-sells-its-shares-in-the-passoa-sas-joint-venture-to-the-lucas-bols-group\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"R\u00e9my Cointreau Sells Its Shares in the Passo\u00e3 SAS Joint Venture to the Lucas Bols Group - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"R\u00e9my Cointreau Sells Its Shares in the Passo\u00e3 SAS Joint Venture to the Lucas Bols Group PARIS–(BUSINESS WIRE)– Regulatory News: The R\u00e9my Cointreau Group (Paris:RCO) announces that it has sold its shares in the Passo\u00e3 SAS joint venture to Lucas Bols Amsterdam B.V. for \u20ac 71.3 million. 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