Tuesday December 10, 2019

Blow to dairy farmers as One51 makes U-turn on €80m payout

Biggest shareholder Dermot Desmond is reported to be opposed to the plan

17th April, 2016
Dermot Desmond is One51’s biggest shareholder

Irish Farmers’ Association presidential candidate Joe Healy had told farmers that dairy processors could use an €80 million windfall due to them from One51 to support farm-gate milk prices through the peak supply months in the days prior to the company’s flotation being pulled.

Hopes of farmers to secure the windfall were scuppered, however, last Friday after One51 announced that it had decided to adjourn an extraordinary general meeting which was scheduled...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Mortgage gouging by banks does not serve society well

Matt Cooper | 3 weeks ago