Kerry co-op shareholders to get €200m

KERRY CO-OP shareholders in south Munster are in line for a €200m plus windfall in the coming months.

It follows a decision by the co-op to give members direct ownership of a further 10.4 million of co-op-held shares in the publicly quoted Kerry Group — or 20% of the co-op’s stakeholding in the publicly quoted company.

The decision was taken at the recent annual general meeting of the co-op and will benefit its 12,000 members who will get 7.9 shares in Kerry Plc for every co-op share exchanged.