Glanbia co-op has approved the proposal to reduce its shareholding in Glanbia plc to 41.4%.
The proposal achieved the 75% approval required at today’s second special general meeting held in Gowran, Co Kilkenny.
The co-op intends to sell global nutritional solutions and cheese group Glanbia plc shares equivalent to 3% of the issued share capital of the company and distribute shares to individual society members equivalent to 7% of the issued share capital of the company.
