Fonterra has announced its decision to proceed with the sale process for its global consumer businesses, as well as its integrated businesses in Fonterra Oceania and Fonterra Sri Lanka.
The co-operative said it has received meaningful buyer interest in the businesses up for divestment.
Fonterra will now prepare for a sale process that will explore both trade sale and initial public offering (IPO) options.
The final decision on which divestment pathway to pursue will be based on factors such as long-term value for the co-operative.
Fonterra said it aims to provide updates on the progress of this programme of work in the coming months and target a significant capital return to farmer shareholders and unit holders after the divestment.
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