C&C chief 'delighted' at flotation

SHARES in C&C, the drinks and snack food group, were floated at the lower end of the company's indicative price range.

The shares floated at €2.26, the bottom of the price range, but C&C officials said they were pleased to get the stock market listing after a sharp dip in markets last week.

The price values C&C at €723 million and will raise €398m for existing shareholders, including e9m for the company's management.