Fonterra has received ‘unsolicited’ interest in consumer business

Fonterra believes it can grow further value by focusing on being a business-to-business nutrition provider. (Image: NZME)

Riley Kennedy

Thu, 16 May 2024

Fonterra's chief executive, Miles Hurrell, says it has received “unsolicited” interest in parts of its global consumer business.The dairy giant announced on Thursday morning that it was looking at options for its global consumer business through full or partial divestment, as well as Fonterra Oceania and Fonterra Sri Lanka.The co-op’s global consumers include brands such as Anchor, Mainland, Kāpiti, Anlene, Anmum, Fernleaf, Western Star and Perfect Italiano. Fonterra Oceania was recently formed after it merged Fonter...

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