Shares in food group Glanbia rose 6 per cent today after the food group took the final step towards spinning out its milk production into a new joint venture.
Glanbia Co-operative this morning placed 8.84 million of the PLC's shares, equivalent to three per cent of its issued share capital, at a price of €7.60 each.
This will leave the Co-op with 48.3 per cent of Glanbia.
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