"Today's acceptance commences a journey that will ultimately lead to the full ownership of Kerry Dairy Ireland, one of the leading dairy businesses in the country, while it also releases c85pc of Kerry Co-op's Kerry Group shares into the hands of our members to be retained or sold by each of them at a time of their choosing."
"The transaction is transformational for Kerry Co-op and satisfies the diverse aspirations of the vast majority of our members."
"In order to process the transaction, the PLC will redeem 2.9m of those shares, which ought to come out at around €250m, which will go towards the purchase of 70pc of Kerry Dairy Ireland, the dairy business."
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