Glanbia vote: 85% back plans to 'take back control'

The next step involves Glanbia plc’s shareholders voting on the proposal at an EGM

Glanbia Co-op shareholders have approved a proposal to acquire full ownership of Glanbia Ireland. Pictured at the virtual Special General Meeting were John Murphy, Glanbia Co-op Chairman and Jim Bergin, Glanbia Co-op CEO.

Glanbia Co-op Society shareholders voting in favour of a proposal to take full ownership of Glanbia Ireland is a “positive” result, as long as it “delivers from here on” for farmers, it has been told.

Ireland’s largest milk processor and grain buyer, is a joint venture owned 60% by Glanbia Co-op and 40% by Glanbia plc. The co-op agreed to pay €307m to acquire the remaining 40% from the plc.