In June 2023, Ireland’s second-largest beef processor, Waterford-headquartered Dawn Meats, sold its 49 per cent shareholding in its French counterpart Elivia. New financial information reveals how lucrative – and timely – this exit was for the Irish group co-owned by the Queally and Browne families. As detailed at the time, Dawn Meats had invested in Elivia in 2015 with an option to take a majority stake in the Loire Valley-based company, but decided instead to sell it back to its majority owner, the French farmer co-op Terrena, last year. The Currency’s conservative estimate was that Dawn Meats had secured at…

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