C&C announced this morning that the company is to purchase 50% of the shares in Wallaces express that the company does not already own, having acquired a 50% stake in the business in March 2013. Wallaces Express is Scotland’s largest independent wines and spirits wholesaler. The acquisition is part of C&C’s aim of developing a multi-strategy distribution operating model in Scotland.
Financial terms of the transaction were not disclosed and management also announced that full year results for C&C to the end of February will be released on Tuesday, 20th of May.
Merrion Stockbrokers Limited (registration no. 307878)
is a limited liability company whose registered office is at
Block C, The Sweepstakes Centre, Ballsbridge, Dublin 4, Ireland.