Drinks group eyes possible takeovers

DRINKS group C&C said it will exploit takeover opportunities in Ireland and in overseas markets as opportunities present themselves in the coming years.

The group, which has virtually eliminated borrowings through the sale of Tullamore Dew to William Grant for £250 million (€278m), refused to be drawn further on its intentions.

In the next few years, corporate Europe has to be refinanced and a lot of businesses backed by venture capital will need fresh funds to sustain their investments.