Primary Sector

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Recap: How the Fonterra consumer business sale unfolded
Primary Sector The Mainland Deal

Recap: How the Fonterra consumer business sale unfolded

It's been nearly 18 months since it was first announced.

Riley Kennedy 22 Aug 2025
Fonterra agrees sale of consumer assets to Lactalis for $3.84b
Primary Sector

Fonterra agrees sale of consumer assets to Lactalis for $3.84b

The co-op is targeting a capital return of $2 per share.

Riley Kennedy 22 Aug 2025


Riley Kennedy
Riley Kennedy

Senior Journalist

Riley Kennedy joined BusinessDesk in 2022 and covers New Zealand’s primary sector, with a focus on the country’s agribusinesses and the broader food and fibre economy. He won the DairyNZ Industry Award at the NZ Guild of Agricultural Journalists and Communicators Awards in 2024, and was named Emerging Journalist of the Year by the New Zealand Shareholders Association in 2022. Riley previously worked as a business specialist at the Otago Daily Times and holds a diploma in journalism from Wintec.

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