Kerry Co-op is not commenting on reports that it may sell 240 million euro worth of its stake in Kerry.
Group in order to partly fund a majority stake in the global food company’s dairy business.
The Irish Times reports that the co-op may sell 1.2% or 240 million worth of its stake in Kerry Group in order to take control of the latter’s dairy business.
Advertisement
It was reported this week that Kerry Co-op was on the brink of approving a 480 million euro bid for a majority stake in Kerry Group’s dairy business.
According to today’s Irish Times, this bid would mean that the co-op would have to raise another 240 million euro through debt and other funds.
