Constellation Brands Inc. (STZ) announced that it has completed the sale of its Gaymer Cider Company business to C&C Group PLC of Dublin, Ireland for a purchase price of 45 million pounds Sterling, or about $70 million, subject to closing adjustments.
The company expects to use the proceeds from the sale to reduce borrowings.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.