C&C in Carslberg UK talks
Published 25/09/2015 | 02:30
Bulmer's Cider maker C&C held talks with Carlsberg about a possible bid for the Danish brewer's UK operations that ended without a deal in August, according to the 'Financial Times'.
The talks to take over Carlsberg's UK, which has a 14pc market share and includes a distribution arm, took place last summer and stopped at end of August, accordimg to the report. Shares in C&C closed down just over 1pc at €3.45 each.
As well as Bulmers and Magners cider, C&C produces Scotland's biggest-selling beer, Tennent's.
The bulk of C&C's sales are in Ireland and Scotland, but the company has made no secret of ambitions to break into new markets.
A 2012 push into North America, buying Vermont Hard Cider Company for €235m, has so far proved costly.
Last year C&C lost out in bidding to buy UK pub-chain operator Spirit Pubs, which eventually sold to bigger rival Greene King for £774m (€1bn).