Fonterra to Sell Australian Assets

The divestment plan disclosure came only three months after Fonterra announced it would merge its Fonterra Brands New Zealand and Fonterra Australia.
Fonterra to Sell Australian Assets
A general view of the Fonterra building is seen in Auckland, New Zealand, on Dec. 1, 2017. Hannah Peters/Getty Images
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Kiwi dairy supplier Fonterra Cooperative Group is planning to exit Australia as it explores full or partial divestment options for its global consumer business and integrated businesses Fonterra Oceania and Fonterra Sri Lanka.

The divestment plan disclosure came only three months after Fonterra announced it would merge its Fonterra Brands New Zealand and Fonterra Australia to form Fonterra Oceania.

Celene Ignacio
Celene Ignacio
Author
Celene Ignacio is a reporter based in Sydney, Australia. She previously worked as a reporter for S&P Global, BusinessWorld Philippines, and The Manila Times.
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