Kerry Group plc (GB:KYGA) has released an update.
Kerry Group has announced the sale of Kerry Dairy Ireland to Kerry Co-Operative Creameries Limited for €500 million, as part of its transition to a focused taste and nutrition company. While Kerry will initially retain a 30% stake, the deal is structured to eventually transfer full ownership to the Co-Op, enhancing both companies’ strategic focus. This move is expected to positively impact Kerry’s financial metrics by simplifying its business structure and aligning capital deployment with its core operations.
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