Global Dairy Giant to Retain Australian Business Amid Fears of Partial Sell-Off

Global Dairy Giant to Retain Australian Business Amid Fears of Partial Sell-Off
A general view of the Fonterra buildin is seen in Auckland, New Zealand, on Dec. 1, 2017. Hannah Peters/Getty Images
Alfred Bui
Updated:

The world’s largest dairy exporter Fonterra has announced it will not sell its Australian business after reporting increased profit and revenue for the past financial year.

At an investor briefing on Sept. 22, Fonterra CEO Miles Hurrell confirmed the company’s decision to retain full ownership of its Australian assets, saying it was the best path forward for growth and return on investment.

Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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