Tuesday June 2, 2020

Artemis raises stake in C&C to more than 12%

The drinks maker’s shares have dropped considerably since early March

Barry J Whyte

Chief Feature Writer

24th May, 2020
C&C’s shares dropped considerably in early March when the first round of Covid-19 lockdown restrictions were announced in Ireland and Britain

Artemis Investment Managers has pushed its stake in troubled drinks maker C&C to more than 12 per cent, worth nearly £66 million (€74 million) at the company’s current share price.

Last week, the Scottish investment firm, which describes itself as “the profit hunter”, notified the market that in early April it bought 1 per cent of the company’s shares at a price of around £2.10 per share. The additional stake in C&C...

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