16th Jan 2008 14:00
Glanbia PLC16 January 2008 GLANBIA CONFIRMS NEGOTIATIONS FOR MEATS MBO. 16 January 2008, Glanbia plc, the international dairy foods and nutritionalingredients Group, today confirms that it has entered into negotiations whichmay lead to a transaction being concluded whereby the Group will sell its Meatsbusiness to an MBO team, led by Mr. Jim Hanley, Chief Executive, Glanbia Meats. This development is consistent with Glanbia's stated objective of focusinginvestment on key growth areas - cheese, food ingredients, nutrition andselected consumer foods. Glanbia Meats employs 850 people at four facilities andat pig farms in Ireland. Ends For further information contact: Glanbia plc +353 56 777 2200 Geraldine Kearney, Corporate Communications Director + 353 87 231 9430 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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