Dairygold has announced details of its proposal to transfer the society's non-core businesses - consumer foods, Alchemy Properties and 4Home DIY chain - into a wholly-owned subsidiary.
The proposal will see Dairygold transfer 75% of the ownership in Reox Holding plc, which now holds the non-core businesses, directly to members, with the co-op retaining the remaining 25% of the shares.
The final decision will be taken at a special general meeting of the co-op.