Fonterra's board unfazed by Bega’s push as consumer business sale heats up

Fonterra's board unfazed by Bega’s push as consumer business sale heats up
Fonterra chair Peter McBride. (Image: Fonterra)
Riley Kennedy
Fonterra Co-operative Group’s board is comfortable with the way matters with the want-to-be bidder of its consumer business, Bega Group, are playing out, its chair says.The Australian dairy company has been a proponent of the co-op’s divestment of its consumer business, which encompasses all its operations across the Tasman.Despite not being a formal bidder for the business, Bega is pressing ahead with its plans to secure Fonterra Oceania, telling the Australian Competition and Consumer Commission (ACCC) on Monday that it will...

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