Fate of €340 million Glanbia buyout hangs in the balance

Those who favour a buyout of the dairy business will require considerable support if they are to see their plans come to fruition, writes Samantha McCaughren

8th May, 2010

It will be an uneasy sleep for Glanbia executives tonight, with the fate of a plan to sell the company’s Irish business likely to be decided tomorrow.

Members of the co-op will vote on the €340 million buyout of the dairy business, with 75 per cent of those present at a meeting in Kilkenny tomorrow required to vote in favour. It is a tough ask with no certainty at this late stage that...

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