All-nighter on Fanshawe Street delivers Fonterra near-$4b Lactalis deal

Fonterra’s chair, Peter McBride, and chief executive, Miles Hurrell, on Friday last week. (Image: NZME/Jason Dorday)

Mon, 25 Aug 2025

If you had driven past Fonterra Co-operative Group’s head office either late on Thursday night or in the early hours of Friday morning, you would have seen the lights still on.That’s because the co-op’s management, bankers, legal advisers and board were thrashing out the finer details and putting the finishing touches on its nearly $4 billion Mainland Group sale to Lactalis at the Fanshawe Street headquarters.Fifteen months in the making, the board, chaired by Peter McBride, unanimously endorsed the divestment during the day,...

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