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Tirlan Co-Operative Society Ltd on Friday said it sold a 5% stake in Glanbia PLC in a placing to institutional investors and back to the company. The sale of 12.0 million Glanbia shares at €21.47 per share raised €257.6 million gross for the co-op. Glanbia was trading at €22.80 in London early Friday, up 4.1%. Goodbody Stockbrokers and Rabobank-Kepler Cheuvreux placed 9.7 million shares with institutions in an accelerated bookbuild announced after the London market close on Thursday. The remaining 2.3 million shares were bought back at the same price by Glanbia. The Kilkenny, Ireland-based sports nutrition company said the buyback from Tirlan Co-Op, worth €50 million, formed part of the €100 million share buyback it announced back in February. The remaining €50 million buyback continues by means of on-market purchases. Tirlan remains the largest shareholder in Glanbia with 31.5 million shares, a 13.2% stake. It has agreed to not sell any more Glanbia shares for at least 90 days. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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