SWS deal almost done but questions remain

IT is expected the four West Cork co-ops will have ratified the €42.5 million up-front offer from IAWS Co-op for South Western Services (SWS) by the weekend.

The story isn’t over yet however and some speculation surrounds what settlement IAWS boss Philip Lynch will reach with the existing SWS management.

What’s emerging is that the deal is as good as done and the West Cork societies and Dairygold are happy to accept Lynch’s €42.5m offer for their 75% stake in SWS. That price tag can grow to €64m provided certain forecasts are met over the next three years.