Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag New Zealand farmers back $4.2B sale of Fonterra’s consumer arm to Lactalis, pending approval, amid national debate.

flag New Zealand farmers have approved the sale of Fonterra’s consumer business to French company Lactalis in a NZ$4.2 billion deal, with 88.5% support, including brands like Anchor and Mainland. flag The transaction, pending regulatory approval, is expected to close in early 2026 after separating consumer operations. flag Fonterra’s chairman said the move allows focus on core ingredients and foodservice businesses, with a planned tax-free capital return of $3.2 billion to shareholders. flag The sale has drawn criticism from New Zealand’s foreign minister, who called it “utter madness,” warning of risks to long-term milk supply agreements and national economic interests.

36 Articles