Fonterra realises $64m gain on sale of foodspring stake

Fonterra realises $64m gain on sale of foodspring stake
Rebecca Howard
By Rebecca Howard June 28 (BusinessDesk) - Fonterra Cooperative Group has sold its stake in Germany-based Goodminton AG, the parent of active nutrition start-up foodspring, and will realise a $64 million gain on the sale. Fonterra teamed up with foodspring in March last year to tap into the $200 billion 'active' consumer segment. At the time, Judith Swales, then Fonterra’s chief operating officer, velocity and innovation, said the deal would create "a range of exciting new business and market development opportunities for the co-operative...

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