Glanbia shareholders vote for dairy joint venture

Glanbia shareholders have passed a resolution to allow for the establishment of a key joint venture.

20th November, 2012
Glanbia shareholders vote for dairy joint venture
Glanbia brands.

Glanbia shareholders have passed a resolution to allow for the establishment of a key joint venture.

The show-of-hands vote at an extraordinary general meeting means that the dairy giant can proceed with its plan to form a dairy processing joint venture with the Glanbia Co-Operative Society. The new entity, Glanbia Ingredients Ireland, will be 40 per cent owned by Glanbia and 60 per cent owned by the co-op.

Prior to the vote, Glanbia urged shareholders to vote...

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