Splitting Dairygold could prove a watershed

TOMORROW shareholders in Dairygold are expected to approve the splitting of the group into two independent commercial units. That will happen if they vote to have the non-dairy assets of consumer foods, property and 4Homes set up as a separate legal entity.

While the vote will separate out the non-dairy businesses it will remain a wholly-owned subsidiary of the dairy co-op.

This will be a watershed for the group whose farmer owners are in no rush to have any of its assets sold off in a stock market flotation.