Matheson LLP is pleased to have advised our long-standing client, Tirlán Co-operative Society, on its sale of 12 million shares in Glanbia plc through a combination of an equity placement and a directed buyback.
The sale of 12 million shares in the company represents approximately 5% of Glanbia’s existing issued share capital and has resulted in Tirlán raising approximately €257.6 million. The transaction was conducted by way of an equity placement to institutional investors and an off-market sale by Tirlán to Glanbia, in accordance with a directed buyback contract between the two parties.
This sale is consistent with Tirlán’s strategic objectives. We congratulate Tirlán and their team on this achievement.
The Matheson team was led by Corporate M&A partners Susanne McMenamin and David Fitzgibbon, Corporate M&A associate Ellie Glynn and included trainee Alice Ryan.
Read the announcements here:
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