Alcohol: No entry by Henkell Freixenet at Maison Pommery
However, both companies are keeping the possibility open of resuming talks. However, one company has apparently concluded an agreement with its financial partners.
Negotiations to merge the German-Spanish sparkling wine producer Henkell Freixenet with the financially struggling French Champagne house Maison Pommery failed to produce a majority takeover. Maison Pommery announced on Wednesday evening that the exclusive talks with Henkell about its takeover had concluded without an agreement. However, both companies kept the door open for future discussions. Maison Pommery's CEO Nathalie Vranken told the newspaper L'Union that the talks would resume in the autumn.
The negotiations aimed to create a global player in the sparkling wine sector, combining the strong and complementary brands and international market presence of both families' conglomerates. Meanwhile, Maison Pommery had secured an agreement with its "most important financial partners" to cover its financing needs and those of its nine subsidiaries until June 19, 2027, with the possibility of extension until June 2028.
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