US value fund Brandes Investment Partners has cut its stake in Bulmers cider manufacturer the C&C Group to 8%.
Brandes has been gradually reducing its stake in the group over the past twelve months. As reported by The Irish Independent, it cuts its stake 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 again in December to 9%.
Current Stake Value
Brandes's current stake in the C&C Group is worth a little under €86 million.
Get a FREE Digital Subscription!Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
© 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.