Glanbia : Glanbia Ireland being divested. 2022 forecasts adjusted
>Agreement with members of Glanbia Co-op to buy 40% of Glanbia Ireland - Despite some reticence, the members of the Glanbia Co-op finally approved, at 85% (or more than the two-thirds majority), the acquisition of 40% of Glanbia Ireland from Glanbia for € 307m. The deal is to be jointly financed by available cash and debt. The members also agreed to the transfer of the equivalent of 12 million Glanbia Plc shares owned by the cooperative to the members through the cre...Glanbia is a performance nutrition and ingredients group, engaged in providing performance nutrition, cheese, dairy ingredients, specialty non-dairy ingredients and vitamin and mineral premixes. Co. segments include: Global Performance Nutrition, which is involved in the branded performance nutrition business; Global Ingredients, which manufactures cheddar cheese, provides dairy and non-dairy nutritional ingredients and micro-nutrient premixes; Dairy Ireland, which is engaged in the manufacture and sale of a range of consumer products and farm inputs; and Joint Ventures & Associates, which is engaged in the manufacture and sale of cheese, dairy ingredients and dairy consumer products.
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