Outlook for Fonterra's Australian business remains uncertain says independent report

“Question marks remaining in relation to the group’s decision to hold the Australian business.” (Image: Fonterra)

Mon, 23 Oct 2023

The outlook for Fonterra’s Australian business remains uncertain over the medium and longer term, according to a report from Northington Partners.There are some “question marks remaining in relation to the group’s decision to hold the Australian business,” it said.In 2021, the co-op announced plans to divest both Chile and Australia. At the time, an initial public offering of 49% looked to be an option for the Australian business. However, it opted to keep Australia arguing its “important role” in the c...

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