Glanbia (GLB)

Sector:

Food

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  14.60
   
  • Change Today:
     -0.10
  • 52 Week High:  18.9
  • 52 Week Low:  13.8
  • Currency: Euro
  • Shares Issued: 296.05m
  • Volume: 16,818
  • Market Cap:  4,322.27m
  • RiskGrade: 115
  • Beta: 0.01

Glanbia to sell 60% stake in Irish dairy business

By Maryam Cockar

Date: Wednesday 26 Apr 2017

LONDON (ShareCast) - (ShareCast News) - Glanbia is to sell a 60% stake in its Irish dairy business, to Glanbia Co-operative Society for €112m.
Glanbia Foods Ireland is currently 100% owned by Glanbia and is comprised of two business units, Glanbia Consumer Foods Ireland and Glanbia Agribusiness.

Before the deal is completing Glanbia will restructure the company to ensure that all of the assets related to the two business units are transferred to Glanbia Foods Ireland.

Glanbia Co-op will buy the 60% interest indirectly by investing further in Glanbia Ingredients Ireland, a joint venture between the companies, which will acquire 100% of Glanbia Foods Ireland from Glanbia.

After completion of the deal, of the Proposed Transaction Glanbia Ingredients Ireland will be owned 40% by Glanbia and 60% by the Glanbia Co-op and will be known as Glanbia Ireland.

While this is the same percentage shareholdings that each company currently holds in Glanbia Ingredients Ireland, it represents an expansion of this existing joint venture as it will encompass the existing businesses of Glanbia Ingredients Ireland and Glanbia Foods Ireland, including Glanbia Consumer Foods Ireland and Glanbia Agribusiness.

The deal will allow Glanbia e to focus on its global nutrition businesses, Glanbia Performance Nutrition, and Glanbia Nutritionals as well as other strategic joint ventures.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Glanbia Market Data

Currency Euro
Share Price   14.60
Change Today   -0.10
% Change -0.68 %
52 Week High  18.9
52 Week Low  13.8
Volume 16,818
Shares Issued 296.05m
Market Cap  4,322.27m
Beta 0.01
RiskGrade 115

Glanbia Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
81.19% below the market average81.19% below the market average81.19% below the market average81.19% below the market average81.19% below the market average
16.13% above the sector average16.13% above the sector average16.13% above the sector average16.13% above the sector average16.13% above the sector average
Price Trend
21.82% above the market average21.82% above the market average21.82% above the market average21.82% above the market average21.82% above the market average
29.03% below the sector average29.03% below the sector average29.03% below the sector average29.03% below the sector average29.03% below the sector average
Income
76.1% below the market average76.1% below the market average76.1% below the market average76.1% below the market average76.1% below the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Growth
33.05% below the market average33.05% below the market average33.05% below the market average33.05% below the market average33.05% below the market average
87.1% below the sector average87.1% below the sector average87.1% below the sector average87.1% below the sector average87.1% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 5
Sell 0
Strong Sell 2
Total 11
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Glanbia Dividends

  Latest Previous
  Final Interim
Ex-Div 14-Mar-19 23-Aug-18
Paid 26-Apr-19 05-Oct-18
Amount 14.49¢ 9.71¢

Trades for 18-Jun-2019

Time Volume / Share Price
16:35 205 @  14.60
16:27 10 @  14.74
16:27 14 @  14.74
16:24 62 @  14.69
16:24 18 @  14.69

Glanbia Key Personnel

Chair Martin Keane

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