Boardroom Briefing

Glanbia Co-op’s stake set to fall to 36.5 per cent

16th May, 2015

✽ Glanbia Co-op’s stake in the food group will fall to 36.5 per cent, following the placing of a 1.35 per cent shareholding and the planned distribution of a further 3.38 per cent stake.

The co-op has placed four million shares, representing 1.35 per cent of the company, at a price of €16.95 per share. It plans to spin out a further 10 million Glanbia shares, or a 3.38 per cent stake, to more than 15,500 co-op members.

Glanbia said in...

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