Markets
Glanbia moving to the US stock exchange would be a “no-brainer”, says fund manager
The US accounted for the vast majority of the $5.4 billion that Glanbia generated in revenue during 2023
As the exodus from European stock exchanges continues Glanbia is a good candidate for a switch to a US equity market, a fund manager from Columbia Threadneedle has said.
Sam Cosh, who managed the €391 million European Assets Trust fund, of which 1.9 per cent is in Glanbia, said the Irish performance nutrition giant currently trades at a severe discount to its US-listed peers, and would benefit from moving to a new stock exchange.
“If ...
