Food and ingredients company Kerry is undertaking a strategic review of its dairy business in Britain and Ireland, which may lead to a transaction in the coming months, its chief executive said on Tuesday.
The review would consider dairy production and consumer food assets with an annual revenue of around €900 million, Edmond Scanlon said in an interview.
"We're taking a stand back and doing a strategic review. Evaluating several options. One of those options could lead to a transaction but may not lead to a transaction," he added.
Scanlon said, adding the process could take several months and may not conclude until the second half of the year.