Kilkenny based Tirlán to sell up to 12million shares in Glanbia

Tirlán has announced plans to sell up to 12 million shares in Glanbia, representing around 5% of the company.

The move will be carried out through a share placing to institutional investors and a buyback of up to €50 million by Glanbia itself.

The food and nutrition business born in Kilkenny says it’s part of a longer-term strategy to diversify its investment portfolio, while remaining Glanbia’s largest shareholder.

KCLR’s Agri Correspondent Matt O’Keeffe sums up what it means;