IRELAND: C&C plans float, discusses sale - report
The Irish-based C&C Group may float in the first half of 2004, or even be sold, according to Reuters, who cited sources familiar with the situation.
The sources said that C&C was looking to appoint banks including Citigroup and Goldman Sachs Group to investigate he possibility of a dual share listing in London and Dublin. C&C is expected to be valued at less than €3 billion (US$1.28 billion).
But C&C owner BC Partners has also talked with private equity firms about a possible sale.
However, no banks have been appointed to look at a sale, the sources said.
In July 2002, C&C put a planned IPO on hold because of the uncertain conditions of the stock market.
"In the light of current equity market conditions, the board of directors of C&C Group Plc has decided to withdraw the initial public offering of the company," the company said at the time.
- Whatever happened to binge Britain? - comment
- How to turn a domestic spirit into a global brand
- The US beer market - A level playing field for all
- Remy Cointreau's Q2 and H1 - preview
- Mahou San Miguel - just the Facts
- Diageo sells off United Spirits' Bouvet Ladubay
- Captain Morgan distillation trial queried by USVI
- Sazerac sues Brown-Forman over Tennessee Fire
- Craft, imports near 50% share in US on-trade
- Beam Suntory's Laphroaig Brodir - NPD
- Global Beer Trends 2015 : Global Beer Trends and Long-term Forecasts
- Global sparkling wine insights - market forecasts, product innovation and consumer trends research
- Future growth opportunities for global spirits
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- Global Wine Market to 2019 - Market Size, Development, and Forecasts