Fonterra agrees sale of consumer assets to Lactalis for $3.84b

Deal done. Fonterra has struck a deal to sell consumer business to French giant Lactalis.

Fonterra has sold its consumer assets(Image: NZME)

Fri, 22 Aug 2025

Fonterra Co-operative Group has struck a deal to sell its consumer business to French dairy giant Lactalis for $3.84 billion.The transaction is subject to shareholder approval, which is expected to occur in late October or early November.The co-op is targeting a capital return of $2 per share, and it includes a long-term agreement for Fonterra to sell milk and ingredients to Lactalis.In addition to the base enterprise value of $3.8b, there was potential for a further $375 million increase from the inclusion of the Bega licences, which have been...

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