Fonterra sells its global Consumer business for up to NZ$3.4 billion to focus on Ingredients and Foodservice.

Dairy giant Fonterra is proceeding with the sale of its global Consumer business, including Fonterra Oceania and Sri Lanka, to focus on Ingredients and Foodservice businesses. The company is considering both a trade sale and an IPO, aiming for optimal long-term value. With significant buyer interest, Fonterra expects to return a substantial capital to its farmer shareholders, with the business potentially valued at up to NZ$3.4 billion.

November 10, 2024
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