Kerry makes €33m bid for co-op

THE global food giant, Kerry Group, confirmed yesterday it had made a €33 million offer for Newmarket Co-op Creameries.

Kerry said it had offered to acquire the entire issued share capital of the Co Cork co-op for €421 per share.

The deal, if approved, will be worth an average €39,000 to each of the co-op’s 680 shareholders, most of them residing in the Duhallow region of north-west Cork.