Business Editor Kerry Group has said negotiations with Kerry Co-Op over a potential transaction involving its dairy-related businesses in Ireland the UK have been suspended. The development follows the stalling of talks on a possible dairy joint venture involving the two organisations, as part of a strategic review being conducted by Kerry Group. The deal would have seen Kerry Co-Op take a 60% stake in the Kerry Group dairy-related businesses in Ireland the UK, with Kerry Group retaining the remaining 40%. It also included an opportunity for the Co-Op to buy out Kerry Group's stake within five years. However, there were divided views in the Co-Op about whether to proceed with the transaction, as it would have required it to raise hundreds of millions of euro from shareholders or other sources.