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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.