Dairygold offers phased share deal

Dairygold is to offer a number of former milk suppliers an incremental annualised repayment of their shareholding.

Following a long-running dispute over a new milk supply agreement, some farmers have moved their supply to other creameries, notably Arrabawn in Tipperary.

Dairygold wrote to several farmers last year to say they could transfer their shares for loan notes, redeemable once they reached 65 years of age.