US value fund Brandes Investment Partners has once again cut its stake in Bulmers cider manufacturer the C&C Group, reducing it to just above 6.9%.
Brandes has been gradually reducing its stake in the group over the past twelve months, cutting it from 11.8% to a little less than 11% in April of 2018 before reducing it to just below 10% last July and then cutting it further in December to 9% and again earlier this month to 8%.
Current Stake Value
Brandes's stake in the C&C Group is now worth a little over €79 million.
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© 2019 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.