NZ: Fonterra to sell Australian yoghurt dairy desserts business

Author: Eamonn Sheridan | Category: News

Fonterra has announced the intention to sell its Australian yoghurt and dairy dessert business to Parmalat Australia.

  • Transaction is conditional on regulatory and other approvals
  • Expected to be completed in the first half the of the 2016 calendar year

Fonterra say:

  • While the sale of this business is not material in itself, it is disclosed as it is a key part of the previously announced plans for our Australian business.

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