HBC said that the total consideration for the Vendit operation is estimated at 5.9m, and that it will also assume 800,000 in debt. The biggest beneficiary from the Vendit sale is majority shareholder Killian Whelan. He owned almost 74% of the firm, and is in line to receive a total payment of 4.3m.

Other shareholders included Lar Bradshaw, chairman of the Dublin Docklands Development Authority and a non-executive director of Anglo Irish Bank. He could pick up a total of over 440,000. Vendit's former head of finance, Philip Oliver, who is now group finance director with Softco, held a minority stake valued at almost 90,000 under the terms of the deal.

Vendit operates over 1,000 machines in Ireland and the acquisition will boost HBC's share of the Irish vending machine market to 55%. CocaCola HBC's chief executive, Doros Constantinou, had previously indicated that the acquisition would cost 9m.