Mainport's windfall over sale of Grassland stake

Cork shipping group Mainport Holdings has netted a multimillion-euro windfall, after finalising the sale of its 20 per cent holding in Grassland Fertilisers.

Ian Kehoe - avatar

Ian Kehoe

27th January, 2013

Cork shipping group Mainport Holdings has netted a multimillion-euro windfall, after finalising the sale of its 20 per cent holding in Grassland Fertilisers, the Irish agribusiness.

The Competition Authority has green-lighted the deal in recent days, paving the way for Mainport to offload its stake in Grassland Fertilisers to Roullier Group, a French agrifood multinational. Roullier Group is making a €25 million investment in Grassland, and intends to merge it into its existing Irish business, Timac...

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