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UNCOOKED ALERT: Pernod Ricard said to ...

Speculation is mounting that Pernod Ricard, the France-listed drinks giant, is the European company circling Treasury Wine Estates.

People following the situation have heard rumours Pernod Ricard is working with advisers from Morgan Stanley on a potential acquisition of the Australia-listed wine distributor.

A large private equity firm is also said be interested in Treasury Wine Estates, said people following the situation.

They added the buy-out house, whose identity is unknown, is said to be working with advisers from Goldman Sachs...