Reported about 11 hours ago
Fonterra is reportedly attracting bids from companies including Meiji, Lactalis, Saputo, and Warburg Pincus for its global consumer businesses, which encompass brands like Mainland butter and Anlene milk powder. The potential sale is valued at approximately NZ$4 billion as Fonterra aims to refocus on its core milk processing activities. The company plans to finalize its decision on either divesting or pursuing an IPO by mid-2025, holding a vote among farmer shareholders for their input.
Source: YAHOO