Glanbia discusses post-quota approach

Glanbia Plc will not be in position to announce its plans to handle the increased milk production after the EU milk quota system ends in 2015 until the end of June.

It is negotiating the best way forward with Glanbia Co-op, which owns 53% of the company, and others, according to group managing director John Moloney.

Attempts to find a solution on how to proceed is ongoing. Key to a successful resolution of the problems associated with it is unlocking the potential in the €1bn worth of shares that the co-op owns in the Plc.