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Rémy Cointreau completes Champagne sale to EPI in €412 million deal
May 31, 2011
The Rémy Cointreau Group and EPI announce that they have signed today an agreement for the sale by Rémy Cointreau of the entire share capital of Piper-Heidsieck – Compagnie Champenoise to EPI, enabling the latter to assume control of the Champagne operations in Reims, and Piper Sonoma, the sparkling wine brand in the US, for a price reflecting an enterprise value of €412.2 million.
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