No levy or minimum shares needed at GIIL

The complete fund of €2.5m will be shared between all suppliers who sign and return the MSA before June 30.

The country’s largest milk processor says it has removed all obstacles which could have impinged on suppliers’ plans to expand milk output post-2015.

The Glanbia Ingredients Ireland Limited Milk Supply Agreement includes elimination of any potential capital levy, and requirements to hold a minimum Glanbia Co-op shareholding.