Update re potential disposal

RNS Number : 9742J

Glanbia PLC

09 April 2010

 



Discussions regarding potential disposal of the Irish Dairy and Agri Businesses

9 April 2010 - Glanbia plc ("Glanbia" or "the Group") notes the recent media speculation surrounding its discussions with Glanbia Co-operative Society Limited ("the Society") regarding the acquisition of Glanbia's Dairy Ireland operations (incorporating Dairy Ingredients, Consumer Products and Agribusiness), Glanbia's Irish property business, Group Business Services and related Irish Joint Ventures & Associates (together "the Irish Dairy and Agri Businesses")

Talks with the Society are progressing well although no offer has yet been put to the Group for the Irish Dairy and Agri Businesses. At this stage there can be no certainty that a transaction will be forthcoming.

Ends

For further information contact:

Glanbia plc  [phone] 
Siobhan Talbot, Finance Director

Geraldine Kearney, Corporate Communications Director + 353 87 231 9430

Murray Consultants

Pat Walsh + 353 87 2269 345

Hogarth (London)

John Olsen + 44 207 357 9477

 

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