Thomas Hubert: How Tirlán gamed Glanbia’s share price volatility
When Tirlán separated from Glanbia in January 2022, the farmers’ co-op faced a problem in its bid to regain control of its domestic agribusiness from the nutrition multinational it had grown through the stock market. The co-op’s financial firepower to conclude the €307 million transaction resided in its leading shareholding in Glanbia PLC, but Glanbia’s share price at the time was in the doldrums. From a high of over €18 three years earlier, the group’s stock had lost one third of its value to almost €12 as it worked through pandemic shocks as well as bloated internal structures and supply…
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