Canadian investment fund sells nearly €30m in Glanbia shares in week

Mawer offloads around €100m of shares in dairy and ingredients giant since beginning of year

At the start of this year, Mawer held 5.42 per cent of Glanbia’s shares worth around €166 million at the company’s share price of around €10.40.

A Canadian investment fund that advises investors to “be boring, make money” sold almost €30 million worth of Glanbia shares last week as it continued to whittle down its stake in the Irish food firm.

Mawer has sold around €100 million worth of shares in the dairy and ingredients company since the beginning of 2021, stock exchange filings show.

At the start of this year, Mawer held 5.42 per cent of Glanbia’s shares worth around ...