September 4, 2017 / 6:40 AM / 18 days ago

BRIEF-C&C Group say to acquire Admiral

Sept 4 (Reuters) - C&C Group Plc:

* ‍PARTNERSHIP WITH PROPRIUM CAPITAL PARTNERS AND ADMIRAL MANAGEMENT, IT HAS AGREED TO ACQUIRE ENTIRE ISSUED SHARE CAPITAL OF ADMIRAL​

* ‍EQUITY INVESTMENT BY C&C IS £37M REPRESENTING 47% OF ISSUED CAPITAL OF ADMIRAL​

* ‍INVESTMENT WILL BE FUNDED FROM EXISTING C&C FACILITIES AND ADMIRAL WILL BE ACCOUNTED FOR AS AN ASSOCIATE OF C&C​ Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

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