Reported about 23 hours ago
Bega Cheese announced its intention to seek informal regulatory approval to acquire Fonterra's Oceania business, as Fonterra plans a comprehensive sale of its global consumer and integrated operations. This divestment process, estimated at around NZ$4 billion, aims to enhance Fonterra's focus on core milk processing activities, and it is in discussions with potential buyers. The Australian competition regulator is also reviewing bids from other firms interested in Fonterra's assets.
Source: YAHOO