Fonterra realises $64m gain on sale of foodspring stake

Thu, 27 Jun 2019

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...

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