Irish drinks producer C&C jumps after Asahi UK deal
11/09/2026 09:05
BUZZ-Irish drinks producer C&C jumps after Asahi UK deal ** Shares of C&C Group GCC.L up 7.8% to 96.2p
** Irish drinks producer reaches agreement with Asahi UK to acquire all of its UK wholesale interests for nominal consideration
** Deal expected to be slightly positive to overall financial performance of C&C wholesale and distribution business, Matthew Clark Bibendum, in FY27
** Co says it remains on track to deliver FY operating profit in line with market expectations
** Projects underlying operating profit for H1 to be in the range of €43 mln-€44 mln ($49.91 mln-$51.08 mln)
** GCC down ~29.2% YTD
($1 = 0.8615 euros)
(Reporting by Atharva Singh in Bengaluru)