Discussions between Kerry Group and Kerry Co-Operative Creameries Limited in relation to a potential transaction have been suspended.

In a short statement, Kerry Group said it was conducting a strategic review of its dairy-related businesses in Ireland and the UK.

It said that while the strategic review continues, there is no certainty that this will lead to a transaction.

“Further update on the strategic review process will be communicated later this year,” a Kerry Group spokesperson said.