The Irish Dairy Board (IDB), the Euro 2 billion diary operation owned by a number of Irish co-ops, is to acquire a majority shareholding in a Saudi Arabian company, its first acquisition in the Middle East and one of its biggest yet. The acquisition â€“ a 75 per cent interest which has been in the pipeline for a number of months â€“ is the first step in the development of a ''manufacturing hub'' by IDB...
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