Word: glacis
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Leven, a sixth-generation member of a family prominent in Paris business, negotiated patiently for eight years to acquire Vichy. A controlling 43.8% interest in Vichy is held by a beer firm called Brasseries et Glacières de 1'Indochine (BGI). Perrier in turn owns 33% of BGI. The swap that Leven finally arranged was to give BGI its 33% and in return take the controlling interest in Vichy. Perrier has acquired another 10% of Vichy shares from other stockholders. Perrier will not only bottle the water from the twelve mineral springs in the town of Vichy...
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