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The latest announcement is out from Glanbia ( (GLAPF) ).
Glanbia plc announced the completion of a significant equity transaction involving the sale of 17 million ordinary shares by Tirlán Co-operative Society Limited, raising approximately €230 million. Glanbia participated in this equity placement by repurchasing 7,380,073 shares, which will be cancelled, reducing its total issued share capital. This move follows the company’s strategic buyback program, which was recently increased by €50 million to facilitate this transaction, maintaining Tirlán as the largest equity investor in Glanbia.
More about Glanbia
Glanbia plc operates in the nutrition industry, focusing on providing better nutrition products. The company is known for its diverse range of nutritional products and services, catering primarily to health-conscious consumers and institutional investors.
For a thorough assessment of GLAPF stock, go to TipRanks’ Stock Analysis page.