Kerry Group pulls out of €700m joint venture talks with Kerry Co-op
Bid by farmers’ co-op to buy 60 per cent of company’s dairy business fails
Negotiations between Kerry Group and Kerry Co-op over a potential 60-40 joint venture deal for Kerry Group’s dairy business have collapsed.
Kerry Group confirmed to the Business Post it had ended the talks with Kerry Co-op and said it would provide an update on its next move later in the year.
“Kerry Group plc confirms that discussions with Kerry Co-Operative Creameries Limited in relation to a potential transaction have been suspended. While the strategic review ...