€700m Kerry dairy deal ‘fell through over funding concerns’
Kerry Co-op boss said its offer for Kerry Group’s dairy business was rejected for being too low
Negotiations on a potential €700 million deal between Kerry Group and Kerry Co-op, the farmer-controlled investment company, fell apart last week, amid concerns that the co-op did not have sufficient detail on how it was going to fund the transaction, sources have told the Business Post.
Kerry Co-op had been in negotiations with Kerry Group on a deal for its dairy processing business for over a year before talks were suspended last week.
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