Fonterra taps Jarden, JP Morgan and Craigs for asset sales

Fonterra taps Jarden, JP Morgan and Craigs for asset sales
Fonterra intends to focus on its ingredients and foodservice channels. (Image: NZME)
Riley Kennedy
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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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