Deals of the Year 2023: Innovative combination of exchangeable bonds and equity placement helps unlock potential for Glanbia Co-op
A combined offering of exchangeable bonds and a private placement of shares by Glanbia Co-op was the first corporate equity-linked transaction of 2022. This innovative approach to funding the €307m acquisition of a 40 per cent stake in Glanbia Ireland, the largest dairy processor in Ireland, was pivotal to returning control of the dairy processing assets and related consumer brands to the Co-op.
This article appeared in the May 2023 edition.