Friday 2 December 2016

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'.

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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).

Irish Independent

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