Ireland's C&C group buys UK cider assets
By Julie Crust |
December 1, 2009, Tuesday
|
Print Edition
Print Edition
IRISH drinks group C&C has agreed to buy all the United Kingdom cider assets of Constellation Brands - including the Blackthorn, Olde English and Gaymers brands - for 45 million pounds (US$74 million) in cash.
The Irish group, which already owns the Magners and Bulmers brands, said the deal is not conditional on clearance by the UK Office of Fair Trading, but will be subject to review by the regulator.
C&C expects the transaction to complete by mid-January and to be immediately earnings accretive.
It expects to see about 3 million pounds of synergies by the end of the 2012/13 financial year, and cash costs for achieving these synergies of about 1.5 million pounds to be incurred in the 2010/11 financial year.
C&C agreed to buy the Scottish and Irish businesses of Anheuser-Busch InBev in August, giving it Scotland's top lager, Tennent's.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
