A plan to create a €500 million unlisted company owned by dairy co-operatives and milk farmers is still being pursued after the initiative failed to secure the approval of Kerrygold owner Ornua.
Earlier this year, Cork-based Dairygold raised the prospect that the co-operatives and farmers who supply milk to Ornua would establish a stand-alone company that would allow them to value their stake in the business.
The Irish Farmers Journal last week reported that prospect...
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