Reported 3 days ago
Fonterra has announced plans to engage potential buyers for its global consumer and integrated businesses, while also organizing a management team for an upcoming initial public offering (IPO). The New Zealand dairy company intends to evaluate both a trade sale and IPO options before presenting the selected choice to its farmer shareholders. Key leadership positions for the new venture, branded as Mainland Group, have already been filled, signaling Fonterra's commitment to this divestment process.
Source: YAHOO