C&C Group bids to buy Matthew Clark and Bibendum

040712094230CC large

C&C Group PLC has entered a bid to acquire Matthew Clark (Holdings) Ltd and Bibendum PLB. The move is supported by AB InBev, who will provide financial support for the acquisition, and is dependent upon Conviviality going into administration. That move is expected to occur imminently.

In a statement the C&C, which also owns Tennents, said it was in “advance discussions” to buy the distribution companies.

The move comes following the news last week that Conviviality had failed to secure additional funding of £125m that was need to pay HMRC, suppliers and provide working capital.

The deal could complete today. In Scotland Matthew Clark employs 140 people.


Category: Uncategorized
Tags: , ,


Back-to-Business Promotions Morning-Advertiser-MPU week3 370x250

Back-to-Business Promotions Morning-Advertiser-MPU week3 370x250

Contact us

Upper Floor Finnieston House 1 The Stables Yard 1103 Argyle Street Glasgow G3 8ND
0141 221 6965