Agribusiness giant Kerry Group is weighing the sale of 60 per cent of its €1 billion dairy business to Kerry Co-op members as it focuses increasingly on its ingredients division, the Sunday Times reports.
Co-op members who supply milk to the group would be asked to invest in a new company that would purchase the dairy business stake while retaining a shareholding in the listed business. Other farmer members would receive additional Kerry shares in the deal, which is under consideration but not yet confirmed, the paper writes.
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