Fonterra taps Jarden, JP Morgan and Craigs for asset sales

Fonterra intends to focus on its ingredients and foodservice channels. (Image: NZME)

Thu, 25 Jul 2024

Fonterra has appointed its investment bankers to help with potential asset sales.The co-operative announced plans two months ago to examine options for its consumer business, Oceania, and Sri Lankan businesses.Its brands include Anchor, Mainland, Kāpiti, Anlene, Anmum, Fernleaf, Western Star and Perfect Italiano. Fonterra Oceania was recently formed after Fonterra Brands NZ and Fonterra Australia merged. Fonterra Sri Lanka comprises consumer and food service businesses. Together, the businesses on the block used roughly 15% of the co-...

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