Kerry Group’s aborted €550m deal with Kerry Co-op could be revived

Edmond Scanlon, the Kerry Group chief executive, has said the company is still ‘open-minded’ about selling its legacy dairy arm

Edmond Scanlon, chief executive of Kerry Group: “open-minded” about selling legacy dairy business. Picture: Bryan Meade

A potential €550 million deal between Kerry Group and its largest shareholder to dispose of its legacy dairy business looks set to be revisited this year after Edmond Scanlon, the Kerry chief executive, said the company was still “open-minded” about selling the business.

It comes after negotiations between Kerry Group and Kerry Co-op, the farmer-controlled investment company, over a deal for the group’s dairy business collapsed in April last year. The talks ended in acrimony ...