Canadian investment fund sells nearly €30m in Glanbia shares in week

Mawer offloads around €100m of shares in dairy and ingredients giant since beginning of year

Barry J Whyte

Chief Feature Writer @whytebarry
25th July, 2021
Canadian investment fund sells nearly €30m in Glanbia shares in week
At the start of this year, Mawer held 5.42 per cent of Glanbia’s shares worth around €166 million at the company’s share price of around €10.40.

A Canadian investment fund that advises investors to “be boring, make money” sold almost €30 million worth of Glanbia shares last week as it continued to whittle down its stake in the Irish food firm.

Mawer has sold around €100 million worth of shares in the dairy and ingredients company since the beginning of 2021, stock exchange filings show.

At the start of this year, Mawer held 5.42 per cent of Glanbia’s shares worth...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Related Stories

EY to create 816 new jobs across Ireland

Mental health start-up aims to create 26 jobs by end of 2022

Companies Emmet Ryan 11 hours ago

Ireland could lose new Intel plant as energy and water services feel strain

Companies Lorcan Allen 2 days ago

Data centres construction ‘explosion’ set to continue

Companies Lorcan Allen 2 days ago