Fonterra considers divesting global consumer business via IPO or sale, focusing on B2B dairy nutrition.
Fonterra, New Zealand's largest dairy exporter, is exploring options to potentially divest its global consumer business, including an initial public offering (IPO) or selling parts of the business to different buyers. The company believes it can grow further value by focusing on being a business-to-business provider of dairy nutrition through its ingredients and food service. The divestment process is expected to take 12-18 months.
May 21, 2024
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