C&C plays down 'move' to London
Published 21/02/2012 | 05:00
CIDER maker C&C moved yesterday to play down suggestions it is poised to move its primary listing to the London Stock Exchange (LSE) but admitted it is "monitoring" its position on the Dublin market.
Weekend reports had indicated the company, which counts Bulmers Original and Magners Cider among its brands, was poised to shift its primary listing to London in the search for more investment and greater liquidity in its shares.
A C&C spokesman however minimised the importance of the report, saying nothing had changed to prompt such a move. "Like other publicly traded companies here, C&C is monitoring its position as to its listing on the Irish Stock Exchange, but we have no immediate plans to do anything," a spokesman said.
If C&C were to leave the Irish market, it would be the third big blow to the Dublin exchange in recent months.
Construction giant CRH, the biggest company on the Irish market, switched its primary listing to London last November, while ready meals maker Greencore delisted from the ISE in January as part of a shift to London.