Reports suggest Donegal Creameries and Connaught Gold are close to final deal

first_img Google+ HSE warns of ‘widespread cancellations’ of appointments next week RELATED ARTICLESMORE FROM AUTHOR Previous articleNew Chief Executive announced for Derry City CouncilNext article81 jobs secured in Rivermedia restructuring News Highland Twitter WhatsApp Facebook Dail to vote later on extending emergency Covid powers Watch: The Nine Til Noon Show LIVE Facebook Reports suggest Donegal Creameries and Connaught Gold are close to final deal Neither Donegal Creameries nor Connaught Gold are commenting this evening on renewed speculation that a deal has been done to sell Donegal’s milk division to Connaught Gold.At a press conference last week, Donegal Creameries would only say that discussions are taking place in a national context on how best to sustain and develop the sector, and talks with neighbours form part of that process.He said in the event of a deal being finalised, a formal announcement will be made to the stock exchange.There’s been no statement from Connaught Gold following reports that their accountants are now examining Donegal Creameries books as part of the due diligence process following agreement on a provisional deal.Last week’s half year report from Donegal Creameries reported losses in it’s dairy sector, but said in the long term, it’s expected those losses will be clawed back.center_img By News Highland – September 6, 2011 WhatsApp Newsx Adverts Google+ Man arrested in Derry on suspicion of drugs and criminal property offences released Pinterest Pinterest Twitter Dail hears questions over design, funding and operation of Mica redress scheme PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegallast_img read more