Whiskey sale nets C&C €300m

C&C is to sell its Tullamore Dew-led spirits division for €300 million – a full €100m more than broker estimates of the unit’s value.

C&C shares jumped by 11% initially to close at €3.59, up 15 cent, a 4.360% gain.

Scotch whisky distiller William Grant is paying €300m for the spirits and liqueurs unit – Tullamore Dew Irish whiskey, Carolans, Frangelico and Irish Mist.