MORGAN STANLEY REDUCES STAKE IN PERNOD

After WSD reported yesterday that Morgan Stanley and several of its subsidiaries acquired a 6.5% stake in Pernod Ricard, the bank has reduced its stake in Pernod below the 5% threshold. The bank now holds a 4.94% of the capital and 4.47% of the voting rights of the group. Morgan Stanley remains Pernod’s second largest shareholder behind the Ricard family, who holds a 10.7% stake.