The proposed acquisition of the Allen shares in Slaney by ABP remains on hold as the issue of whether the Irish or EU competition authorities should decide if it fits with competition rules is decided. It has met widespread farmer opposition.

ABP CEO Paul Finnerty and Trevor Lockhart, CEO of Fane Valley, told the Irish Farmers Journal this week of their plans for the proposed joint venture. They are emphasising the operational independence the proposed joint venture will have with no interference from ABP.

Linden and ABP will nominate three board members each to the board that will oversee the running of the business, with an independent chair.