Pernod Ricard announces that it has sold its remaining interest in the Orangina soft drinks business operated by its subsidiary, CFPO, which is conducted in the U.K., Eastern Europe, Africa/Middle East, South America and Asia, to Cadbury Schweppes for an amount of around 31 million euros ($40.2 million).

This transaction completes the disposal process in relation to Pernod Ricard's worldwide business interest in Orangina which commenced in 2001.

In 2003, the Orangina brand accounted for 12.4 million euros ($16.1 million) of Pernod Ricard's net sales.