IDB announces the Finalisation of the Sale of Non-core Businesses in Quarter 1 2011

March 09, 2011

9 March 2011, The Irish Dairy Board, today announces that it has completed the sale of a number of noncore businesses ahead of schedule.

This development is consistent with the Irish Dairy Board's stated objective of focusing investment on key growth areas and divesting non-core assets.

The proceeds will be re-invested by the group in developing new routes to value and market.

The individual transactions are subject to confidentiality agreements and the parties involved have agreed not to disclose any further details.