Shares in food and beverage company C&C closed five cent higher at €2.30 in its first day of unconditional trading in Dublin this evening.
The stock made its conditional debut last Friday on the Dublin Stock Exchange. All of the company's shares were placed with institutions despite a tough investment climate.
C&C chief executive Maurice Pratt said last week he was delighted with the response to the flotation of C&C given difficult market conditions experienced during the week.
'The strong calibre of the shareholder base reflects the understanding of the business dynamics and prospects of C&C,' he said.
C&C Group is one of the largest manufacturers, marketers, distributors and wholesalers of branded beverages in Ireland and Northern Ireland and savoury snacks in Ireland.
C&C was bought by private equity firm BC Partners from spirits group Allied Domecq in the late 1990s. A previous initial public offering in 2002 was shelved due to poor market conditions
The Group owns several of Ireland's most recognised beverage and savoury snacks brands, including Bulmers cider, Ballygowan water, Club Orange and Tayto crisps.
It also distributes several leading international brands in Ireland, including 7Up and Pepsi, as well as a wide-ranging portfolio of wines and spirits.
