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.