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Stock Spirits adds Irish whiskey with Quintessential stake buy


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July 17 (Reuters) - Vodka maker Stock Spirits Group Plc
<STCK.L> said it would buy a 25 percent stake in the Irish
business of Quintessential Brands Group for up to 18.3 million
euros in cash, adding Irish whiskey to its offering.
    Stock Spirits said the stake in Quintessential Brands
Ireland Whiskey Limited, which owns The Dublin Liberties and The
Dubliner Irish Whiskey brands, is expected to be earnings
enhancing to shareholders in four years.
    The consideration will comprise an initial cash payment of
15 million euros and a deferred consideration of up to 3.3
million euros, payable over a five-year period, Stock Spirit
said. [nRSQ2136La]

 (Reporting by Rahul B in Bengaluru; editing by Jason Neely)
 ((Rahul.B@thomsonreuters.com; UK: +44 20 7542 1810; Outside UK:
+91 80 6749 6338; Reuters Messaging:
rahul.b.thomsonreuters.com@reuters.net))

Keywords: QUINTESSENTIAL M&A/STOCK SPIRITS



This article appears in: Politics , World Markets , Economy , US Markets , Stocks


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