New Glanbia Co-op Chief Executive Jim Bergin pictured with Glanbia Co-op Chairman John Murphy as the Co-op announced it is proposing to acquire full ownership of Glanbia Ireland. Glanbia Co-op also proposes a €168m ‘spin-out’ of plc shares to Members and the creation of an Investment Fund of €168m.
Glanbia Ireland operates as a strategic joint venture, 60% owned by Glanbia Co-op and 40% owned by Glanbia plc. Glanbia Co-op proposes to pay €307m to acquire Glanbia plc’s 40% shareholding in Glanbia Ireland.
Glanbia Ireland is a €2 billion, integrated agri-food and nutrition business, with world-class dairy and grain processing assets, a new state-of-the-art Innovation Centre and an award-winning portfolio of brands including Avonmore, Kilmeaden and GAIN Animal Nutrition. Photo: Mary Browne
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