C&C eyes expansion amid investor concern

Drinks group C&C will continue to look at acquisitions as a way of growing internationally, despite calls from an activist investor to focus on its core markets of Ireland and Scotland.

US hedge fund operator Orange Capital recently emerged as an activist investor in C&C, holding a near 5% stake.

It has called for the group to raise more debt to fund further share buybacks and row back on international expansion by exiting the US and downsizing further in the UK.