15th Sep 2008 11:00
C&C Group plc
15 September 2008
Sale of FindlaterGrants
CCR.I CCR.L
Dublin, London, 15 September, 2008: C&C Group plc ('C&C' or the 'Group'), a manufacturer, marketer and distributor of branded beverages in Ireland and the U.K., today announced that it has sold FindlaterGrants, part of the Group's distribution division, to DCC plc ("DCC") for a consideration of approximately €9.6 million.
FindlaterGrants is one of Ireland's leading wine distributors. Proceeds of the sale will be used for general corporate purposes.
Maurice Pratt, Chief Executive of C&C, commented: "The Board of C&C is pleased to announce this transaction with DCC and believes it is in the best interests of C&C's shareholders the FindlaterGrants employees and the brands it distributes. "
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Investors and analysts |
Irish Media |
International Media |
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Mark Kenny/Jonathan Neilan K Capital Source Tel: +353 1 631 5500 Email: c&[email protected] |
Paddy Hughes Drury Communications Tel: +353 1 260 5000 Email: [email protected]
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Edward Orlebar or Charlotte Kirkham M Communications Tel: +44 207 153 1523 or +44 207 153 1531 Email: [email protected] |
This announcement has been issued through the Companies Announcement Service of
the Irish Stock Exchange.
Related Shares:
C&C Group