Fonterra and Nestlé's sale of DPA Brazil faces challenge

Fonterra and Nestlé's sale of DPA Brazil faces challenge
Competition officials in Brazil have concerns over the proposed deal. (Image: Getty)
Rebecca Howard
Brazil’s antitrust watchdog is challenging a bid by Fonterra and Nestlé to sell Dairy Partners Americas Brasil to French dairy company Lactalis.Last December, the two dairy giants agreed to sell DPA Brasil for approximately $210 million. The deal was expected to be completed by mid-2023, subject to regulatory authority approvals. The decision to challenge the operation was published in Brazil’s official gazette this week, according to an English translation of the notice.Officials from the General Superintendence of the...

More Primary Sector

Potential Mainland buyers may soon tap regulators
Primary Sector

Potential Mainland buyers may soon tap regulators

Fonterra's divestment process is gaining traction.

Riley Kennedy 17 Apr 2025
TTR files fast-track application to mine Taranaki sand
Primary Sector

TTR files fast-track application to mine Taranaki sand

Seabed mining firm Trans-Tasman Resources has lodged its application to fast-track its project to harvest iron sands off the coast of Taranaki. The firm's parent company, Manuka Resources, told the Australian Securities Exchange (NZX) on Wednesday that the application was lod...

Staff reporters 16 Apr 2025
Scott Technology's revenue drops 14%
Primary Sector

Scott Technology's revenue drops 14%

Its long term strategy is not far away.

Riley Kennedy 16 Apr 2025