Glanbia placing highlights wealth held by farmers
The development of the highly successful co-op sector in Ireland has been one of the food industry's great successes, writes Richard Curran.
The placing of 8.8 million Glanbia plc shares last week, previously held by the Glanbia Co-op, has shone a new spotlight on the extraordinary wealth held by farmers in Ireland through shares in food companies and their own local co-ops. The Glanbia deal sees the co-op receive about €67 million. Farmers receive €156 million-worth of Glanbia plc shares and the co-op takes a 60 per cent share in the Glanbia dairy ingredients business. It is...
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