Strong shareholder mandate needed for Fonterra’s $4.22b divestment
Fonterra shareholders are being urged to deliver a strong and clear mandate on the proposed $4.22 billion sale of consumer and related businesses to Lactalis.
And it seems interest is strong across the ditch, not surprising when Fonterra Oceania owns some of Australia and New Zealand’s top milk, cheese and dairy dessert brands.
Bega Cheese last week informed the market that it was making a bid for Fonterra’s Oceania business. French company Lactalis has also confirmed that its Australian business unit is in the hunt for Fonterra Oceania.
And media reports say A2 Milk, with around $1 billion cash reserves, is eyeing manufacturing assets in New Zealand.
