Pernod Ricard has taken full control over distributing the Vin & Spirit brands, including Absolut Vodka. Pernod Ricard is to pay Maxxium, which distributes Vin & Spirit brands in most countries, €59m (£48m) on 1 October. The 25% equity stake held by Vin & Sprit in Maxxium will be redeemed by Maxxium for €60.4m (£49m) on 30 March 2009. The four shareholders of Maxxium today announced they had agreed to the early termination of the distribution of Vin & Spirit. The Maxxium contracts allowed an exit by Vin & Sprit from distribution after two years, following Vin & Spirit’s acquisition by Pernod Ricard.