'Pleasing for New Zealand': Market embraces Fonterra deal

Deal done. Fonterra has struck a deal to sell consumer business to French giant Lactalis.

Peter McBride and Miles Hurrell fronted media on Friday morning. (Image: NZME)

Fri, 22 Aug 2025

Fri, 22 Aug 2025

Fonterra Co-operative Group’s $3.845 billion sale of its consumer assets to French dairy giant Lactalis has been embraced by the market, with the price tag well above expectations and seen as helping facilitate growth in the core remaining business.Shares in Fonterra Co-operative Group were up by double-digits on the deal.'Very competitive and contestable'Fronting the media on Friday morning, Fonterra's chair, Peter McBride, said the deal “starts one of the most exciting phases in Fonterra’s history”.The two...

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