Disposal

RNS Number : 3923D
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. "



Investors and analysts

Irish Media

International Media


Mark Kenny/Jonathan Neilan

K Capital Source


Tel: +353 1 631 5500

Email:  c&cgroup@kcapitalsource.com




Paddy Hughes

Drury Communications


Tel:    +353 1 260 5000

Email:    phughes@drurycom.com

   




Edward Orlebar or Charlotte Kirkham

M Communications


Tel:    +44 207 153 1523 or

  +44 207 153 1531

Email:    orlebar@mcomgroup.com

   kirkham@mcomgroup.com




This information is provided by RNS
The company news service from the London Stock Exchange
 
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