by Glanbia Plc has agreed to sell its Irish dairy unit to Glanbia Co-operative Society Ltd for about €343m to focus on its international nutritional ingredients and cheese businesses.
The Irish dairy unit includes Glanbia’s dairy ingredients, consumer products and agribusiness divisions.
Investors in Glanbia Co-op must vote in favour of the acquisition at two shareholder meetings. Three-quarters of them must approve the Co-op’s reduced stake in Glanbia.
So, what do you think?
Will it happen and Will farmers benefit?
Will the co-op be able to negotiate better milk prices with the super-markets and better grain prices?
