April 20/Radio Telefís Éireann -- Glanbia plc has conditionally agreed to sell its Irish dairy and agri-business to Glanbia Co-Operative Society for up to 343 million euros. The society owns 54.6% of the company.
The Irish dairy and agri-business is made up of three main business units: dairy ingredients Ireland, consumer products and agribusiness, as well as Glanbia estates, group business services and Irish joint ventures and associates. The deal will free up Glanbia plc to pursue its global cheese and nutritional ambitions, while the Co-op farmers get control of brands like Kilmeaden, Avonmore and Yoplait.