C&C to buy Tennent's

Drinks group C&C is to acquire the Irish, Northern Irish and Scottish businesses of Anheuser-Busch InBev (ABI), including the Tennent’s brands, for £180m (€205m), the company announced this morning.

In a trading statement the company, brewers of the Magners and Bulmers cider brands, said the acquisition will be financed from a combination of the group’s own cash resources and existing bank facilities.