Glanbia: No plan B in sale scenario

GLANBIA Plc chairman Liam Herlihy said there is “no plan B, nor can there be” regarding the sale of its Irish dairy business to Glanbia Co-op which controls over 54% of the public company.

Sources close to the talks have warned that, even if farmers reject the proposed sale, the current tensions between both sides now make a parting of the ways inevitable.

Larry Harte, a lecturer in agribusiness at University College Dublin said alternative strategies are available to the co-op. They could in time return the entire Glanbia business to the co-op model by gradually divesting its international assets and returning the money to farmers.