Kerry Group is set to offer farmer members of Kerry Co-op the opportunity to buy a 60% majority stake in the company’s primary dairy business with a further option to buy the remaining shares in the business over time, the Irish Farmers Journal can reveal.

In what would be a historic move, farmer members of Kerry Co-op will be asked to invest to become majority shareholders in a joint venture business that would be very similar in nature to the ownership structure of Glanbia Ireland.