Tuesday October 20, 2020

Glanbia co-op shareholders approve joint venture plan

Glanbia Co-Operative Society has has received 70.7 per cent approval from shareholders to enter into a dairy processing joint venture with Glanbia.

14th November, 2012
2
John Moloney, group managing director of Glanbia.

Glanbia Co-Operative Society has has received 70.7 per cent approval from shareholders to enter into a dairy processing joint venture with Glanbia.

The vote is the first stage in Glanbia’s plan to separate its Irish dairy operation from its fast-growing plc business. The joint venture, to be named Glanbia Ingredients Ireland Limited, will, if approved, be 40 per cent owned by Glanbia and 60 per cent owned by the co-op. It will comprise the business and...

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