Glanbia (GLB)

Sector:

Food

  11.02
   
  • Change Today:
     -0.67
  • 52 Week High:  18.9
  • 52 Week Low:  9.7
  • Currency: Euro
  • Shares Issued: 296.05m
  • Volume: 32,225
  • Market Cap:  3,262.42m
  • RiskGrade: 235

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   11.02
Change Today   -0.67
% Change -5.73 %
52 Week High  18.9
52 Week Low  9.7
Volume 32,225
Shares Issued 296.05m
Market Cap  3,262.42m
RiskGrade 235

Glanbia Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
79.33% below the market average79.33% below the market average79.33% below the market average79.33% below the market average79.33% below the market average
46.67% below the sector average46.67% below the sector average46.67% below the sector average46.67% below the sector average46.67% below the sector average
Price Trend
21.74% above the market average21.74% above the market average21.74% above the market average21.74% above the market average21.74% above the market average
40% below the sector average40% below the sector average40% below the sector average40% below the sector average40% below the sector average
Income
79.3% below the market average79.3% below the market average79.3% below the market average79.3% below the market average79.3% below the market average
17.65% below the sector average17.65% below the sector average17.65% below the sector average17.65% below the sector average17.65% below the sector average
Growth
33.83% below the market average33.83% below the market average33.83% below the market average33.83% below the market average33.83% below the market average
93.33% below the sector average93.33% below the sector average93.33% below the sector average93.33% below the sector average93.33% below the sector average

What The Brokers Say

Strong Buy 5
Buy 0
Neutral 6
Sell 0
Strong Sell 0
Total 11
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Glanbia Dividends

  Latest Previous
  Interim Final
Ex-Div 22-Aug-19 14-Mar-19
Paid 04-Oct-19 26-Apr-19
Amount 10.68¢ 14.49¢

Trades for 16-Sep-2019

Time Volume / Share Price
17:06 14,770 @  11.53
16:35 2 @  11.02
16:32 1,144 @  11.52
16:28 25 @  11.47
16:28 100 @  11.47

Glanbia Key Personnel

Chair Martin Keane

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