Glanbia to sell 60% of its Irish dairy business

The food group also announced double-digit earnings growth for last year

22nd February, 2017
Glanbia managing director Siobhan Talbot

Glanbia is the latest of the big publicly-quoted Irish companies to release annual results. The company delivered its seventh year of double digit growth and also announced plans to sell 60 per cent of its dairy business, which includes its consumer food and agribusiness divisions, to Glanbia Co-op for €112 million.

The deal, which is expected to be completed by the middle of the year, will see the creation of a new joint venture, Glanbia Ireland,...

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