Fonterra's Mainland Group sale could fetch between $2.5b and $3b, Forsyth Barr says

Mainland Group chief executive elect Rene Dedoncker. (Image: Fonterra)

Tue, 15 Apr 2025

Forsyth Barr believes Fonterra Co-operative Group’s soon-to-be spun-out Mainland Group could be worth between $2.5 billion and $3b.However, the top end of that is only likely achievable in a trade sale.The co-op is running a dual-track process to divest its consumer business, which includes all of its Australian operations, with non-binding bids for a trade sale being worked through.In the event of an initial public offering (IPO), the likely dual-listed business would be led by chair Liz Coutts and chief executive Rene Dedoncker, who cur...

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