Responding to recent media speculation that the Glanbia Co-operative Society intends to make an offer for Glanbia’s Irish dairy and agri businesses, the food group said yesterday that talks were “progressing well” with the society.

The discussions relate to the possible acquisition of Glanbia’s Dairy Ireland operations, which includes its dairy ingredients, consumer products and agribusiness divisions. Also being considered is Glanbia’s Irish property business, in addition to group business services and related Irish joint ventures and associates.