PARIS (Reuters) - French drinks group Pernod Ricard (PERP.PA) announced plans for a 1 billion-euro ($1.35 billion) rights issue on Wednesday and the sale of its Wild Turkey bourbon brand to Campari (CPRI.MI) for $575 mln to cut debt.
Pernod, the world's second-biggest drinks group behind Diageo (DGE.L), borrowed heavily to acquire Absolut vodka maker Vin & Sprit AB from Sweden in July last year and had to sell some brands to meet European Comission competition requirements.
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