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: [phone] Email:  c&[e-mail]	Paddy Hughes Drury Communications Tel:    [phone] Email:    [e-mail]	Edward Orlebar or Charlotte Kirkham M Communications Tel:    [phone] or   [phone] Email:    [e-mail]    [e-mail]

 

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