Sale of Fonterra's Soprole could be imminent

Analysts have said it could be worth US$800 million. (Image: BusinessDesk)

Wed, 15 Jun 2022

Things are progressing with Fonterra’s sale of its Soprole business in Chile, says a Chilean media report.JP Morgan has presented a “teaser” to prospective buyers as well as a descriptive memorandum, according to newspaper La Tercera, in a story headlined “the Soprole divestment is under way”. It will now move on to developing a short list and those firms will be able to carry out due diligence, visit the installations and receive reports from the executives, the report said.It gave no details about potential...

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