Group’s share price is down 50pc since last year, triggering push by Clearway Capital
Tirlán is by far Glanbia’s most influential shareholder
Glanbia shareholder Clearway Capital has gone direct to Tirlán Co-op seeking support from the board and its members for a break-up of the PLC in a bid to lift its battered shares.
Frankfurt-based activist investor Clearway – whose founding partner is Gianluca Ferrari – wrote to Tirlán this week in a letter circulated to co-op chair John Murphy, directors and council members seeking their backing for its plan to lift Glanbia’s share price by breaking it into three businesses.
source