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C&C Group plc
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News: CCGPY
C&C Group shares rise 8% on Asahi UK wholesale deal
C&C Group PLC (LSE:CCR) shares climbed nearly 8% to 96.40p on a nominal-cost deal for Asahi UK's wholesale businesses that promises added scale, while full-year profit expectations held steady. The acquisition covers Nectar Imports and Asahi UK's direct distribution operations, which will join Matthew Clark Bibendum (MCB) alongside a long-term partnership associated with Asahi brands in the UK.
C&C Group acquires Asahi UK wholesale businesses for nominal consideration
C&C Group PLC (LSE: CCR) has agreed to acquire Asahi UK's wholesale businesses for nominal consideration, expanding its Matthew Clark Bibendum operation and adding a significant new customer base. The deal covers Nectar Imports and Asahi UK's direct distribution operations, which will be fully integrated into Matthew Clark Bibendum following completion, expected in early October.
