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Pernod Ricard opens talks with HiteJinro
Pernod Ricard has confirmed that it is in discussion with the Korean company HiteJinro to buy its 30% stake in Pernod Ricard Korea Imperial.
Nothing has been decided to date, the French drinks group has said.
Pernod Ricard currently owns 70% of Pernod Ricard Korea Imperial, owner of the Imperial brand, one of the leading local whiskies in the Korean market.
Any details of a potential buyout or related matters in the future is set to be announced by Pernod Ricard when confirmed.
Asia has proved a key area of growth for the company, as they recorded a profit rise of 14% for the six months ended 31 December 2011.