Friday July 3, 2020

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

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...

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