Kerry Co-op board to hear first official details of joint venture deal
The board of Kerry Co-op will hold all-day meetings on Thursday, Friday and Monday as directors are briefed for the first time on the specifics of the joint venture deal.
Milk lorries queueing for the intake bays at Kerry Foods Charleville plant. \ Donal O'Leary
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The Kerry Co-op board will hear the first official details of the proposed joint venture with Kerry Group plc over the coming days.
The Irish Farmers Journal understands the co-op board will hold all-day meetings on Thursday, Friday and Monday as directors are briefed on detailed financials and potential funding options for the deal.
It’s understood Kerry Co-op’s advisers PWC have completed due diligence on Kerry Group’s primary dairy business and a valuation has been agreed that is believed to be somewhat lower than the €800m figure reported in January.
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It’s understood an information prospectus has been sent to board directors ahead of the meetings, which are likely to take time.
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The Kerry Co-op board will hear the first official details of the proposed joint venture with Kerry Group plc over the coming days.
The Irish Farmers Journal understands the co-op board will hold all-day meetings on Thursday, Friday and Monday as directors are briefed on detailed financials and potential funding options for the deal.
It’s understood Kerry Co-op’s advisers PWC have completed due diligence on Kerry Group’s primary dairy business and a valuation has been agreed that is believed to be somewhat lower than the €800m figure reported in January.
It’s understood an information prospectus has been sent to board directors ahead of the meetings, which are likely to take time.
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