Bega's billionaire backer backs Fonterra brands bid

Twiggy Forrest. (Image: Getty)

Fri, 02 May 2025

Bega Group’s largest shareholder has thrown its support behind the Australian dairy company’s wish to acquire Fonterra Co-operative Group’s consumer business.Andrew (Twiggy) Forrest’s Tattarang owns 11.5% of Bega, which is listed on the ASX and has a market capitalisation of A$1.6 billion ($1.76b).As BusinessDesk reported on Thursday, Bega wants the chance to bid for the consumer business being spun out of Fonterra and claims to have been left out.While it could make a bid for the lot, its interest is in the Oceania oper...

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