Companies

Kerry Co-op to table formal proposal on €360m deal with Kerry Group by year-end

Denis Carroll, chair of the farmer controlled investment company, has said that a formal strategic plan for the future of the co-op will be put to shareholders by the end of this year

Kerry Group’s dairy arm processes about 1.2 billion litres of milk every year

Kerry Co-op, the farmer-controlled investment company, is set to put a formal proposal to its shareholders by the end of this year for a potential €360 million deal to acquire a majority stake in Kerry Group’s legacy dairy business.

Denis Carroll, the chair of Kerry Co-op, has told investors over recent weeks that a formal strategic plan for the future of the co-op will be put to shareholders by the end of the year.

The ...