Kerry Group plc ( (GB:KYGA) ) has shared an announcement.
Kerry Group plc has completed Phase 1 of its sale of Kerry Dairy Holdings (Ireland) Limited to Kerry Co-Operative Creameries Limited, marking a significant strategic shift towards becoming a pure play global taste and nutrition company. This transaction aligns with Kerry’s goals of market outperformance, improving margins, and increasing shareholder returns, while also affecting the company’s share capital and voting rights structure, with changes expected to take effect on January 3, 2025.
More about Kerry Group plc
Kerry Group plc is a global leader in the taste and nutrition industry, primarily focusing on business-to-business solutions for sustainable nutrition. The company is known for its innovative approach to enhancing food and beverage products, aiming at market outperformance and delivering strong shareholder returns.
Average Trading Volume: 48,139
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €15.79B
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