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

Fonterra's Mainland Group sale could fetch between $2.5b and $3b, Forsyth Barr says
Mainland Group chief executive elect Rene Dedoncker. (Image: Fonterra)
Riley Kennedy
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...

More Primary Sector

Synlait shares slump 11% even as outlook brightens
Primary Sector

Synlait shares slump 11% even as outlook brightens

The market is disappointed about manufacturing challenges. 

Want to double exports? Good luck with that
Primary Sector

Want to double exports? Good luck with that

International shipping lines say NZ needs to urgently address port productivity. 

Cannasouth heading for liquidation, receiver says
Primary Sector

Cannasouth heading for liquidation, receiver says

General security agreement holders are owed over $2.53m.

Gregor Thompson 29 Jul 2025
Bremworth says costs clipped and focus now on sales growth
Primary Sector

Bremworth says costs clipped and focus now on sales growth

The carpet maker's full-year results are due next month.

Riley Kennedy 28 Jul 2025