Fonterra's Chile assets could be worth US$800m

Fonterra's Chile assets could be worth US$800m
Soprole is a leading consumer brand in Chile. (Image: BusinessDesk)
Rebecca Howard
Speculation is rife over who might buy Fonterra’s assets in Chile and while the devastating impact of climate change and political uncertainty may weigh on the price, local farmers seem to be keen. Fonterra said last month it's looking to sell its Chilean assets and might float its Australian business in an initial public offering return. It also said it will look to return $1 billion of capital to shareholders.The head of the Chilean dairy producers’ union Fedeleche, Marcos Winkler, told a Chilean radio station the sale re...

More Primary Sector

Back on track: King Salmon looks ahead
Primary Sector

Back on track: King Salmon looks ahead

King Salmon's core business is sound again; big investment beckons.

Pattrick Smellie 28 Mar 2024
Meng Foon won't quit as a PGW director
Primary Sector

Meng Foon won't quit as a PGW director

His board colleagues have invited him to go.

Riley Kennedy 26 Mar 2024
Agria pulls out of PGW board coup
Primary Sector

Agria pulls out of PGW board coup

Largest shareholder drops bid to have most independent directors dumped.

Riley Kennedy 22 Mar 2024