C&C’s key shareholders mop up ‘bargain’ shares

Drinks company share price has slumped substantially in past six months

Barry J Whyte

Chief Feature Writer @whytebarry
18th June, 2017

Irish drinks company C&C’s two largest shareholders have been mopping up shares in the company after its prices slumped in recent weeks.

This week, Brandes Investment bought just over three million shares in the company, spending nearly €10 million to bring its full holding to 10.14 per cent.

It follows on from the move by Southeastern Asset Management, the fund backed by Egytian billionaire Nassef Sawiris, to spend more than €6.5 million...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Content is king – just ask Netflix as rivals attempt to steal its crown

Tom Maguire: Tax changes we make now could help business for years