Primary Sector

Fonterra's Chile assets could be worth US$800m

Rebecca Howard
Mon, 11 Oct 2021

Fonterra's Chile assets could be worth US$800m
Soprole is a leading consumer brand in Chile. (Image: BusinessDesk)
Rebecca Howard
Mon, 11 Oct 2021
Speculation is rife over who might buy Fonterra’s assets in Chile and while the devastating impact of climate change and political uncertainty may weigh on the price, local farmers seem to be keen. Fonterra said last month it's looking to sell its Chilean assets and might float its Australian business in an initial public offering return. It also said it will look to return $1 billion of capital to shareholders.The head of the Chilean dairy producers’ union Fedeleche, Marcos Winkler, told a Chilean radio station the sale re...

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