Next Thursday (18 May), Glanbia shareholders will vote on the proposal to purchase 60% of the Irish agribusiness and consumer foods companies.

The price tag is €112m, which would be raised by the sale of 3% of Glanbia’s shareholding in the plc. This would also help create a support fund for Glanbia co-op shareholders. If successful, the two companies would join with Glanbia Ingredients Ireland (GII), the Irish dairy ingredients business (already a co-op plc joint venture) to form Glanbia Ireland.