Dairygold reveals group split plan

DAIRYGOLD has outlined plans to split the group into two independent operating divisions.

Under the new proposal Dairygold Co-op will retain the milk and agri-trading operations with consumer foods, 4Home and Alchemy Properties to be transferred to a new company Reox Holdings Plc.

Reox will trade in a "grey market" to be to be operated by two leading firms of Irish stockbrokers, but there are no plans to go for a full listing.