Goodbody to advise Dairygold on split

DAIRYGOLD has called in Goodbody Stockbrokers to advise the €870 million a year turnover group about splitting its 4Home DIY stores, property and consumer divisions from the main co-op structure.

Speculation is rife in the north Cork area that the farmer-owned group is heading for a stockmarket flotation of all, or, large portions of its diverse business portfolio.

In a surprise move on Tuesday the company suspended all trading in co-op shares “indefinitely.”