Fonterra has received approval from Chilean competition authority, Fiscalía Nacional Económica (FNE), for the sale of its Chilean Soprole business to Gloria Foods - JORB S.A. (Gloria Foods).
The completion of the sale is subject to satisfaction of other conditions previously announced.
Fonterra remains committed to targeting a significant capital return to shareholders and unitholders, the amount and timing of which will be determined once the sale agreement is unconditional and cash proceeds are received.
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