© Reuters. FILE PHOTO: Pernod Ricard CEO Alexandre Ricard at the French drinks company’s Paris headquarters

LONDON (Reuters) – French spirits group Pernod Ricard’s CEO Alexandre Ricard on Tuesday described talks with activist investor Elliott as “confidential, but cordial and constructive”.

He said the talks centered around corporate governance and margin improvement.

He declined to comment on the likelihood that Elliott would seek a board seat at the maker of Absolut vodka and Martell cognac.

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