Fonterra Farmers Approve US$2.42 Bn Global Consumer Business Sale 📈

• New Zealand dairy producer Fonterra Co-operative Group's farmer shareholders have approved the NZ$4.22 billion (US$ 2.42 Bn) divestment of its global consumer and associated businesses to French major Lactalis. • The sale received strong support, with 88.5% of total farmer votes cast in favour. • Key brands included in the sale are Mainland, Anchor butter, Kapiti ice cream, and Anlene powdered milk supplement. • Crucially, the transaction also covers Fonterra’s Foodservice and Ingredients businesses in Oceania and Sri Lanka, along with its Middle East and Africa Foodservice operations. • The divestment is intended to simplify and provide a more focused core business for Fonterra. • Completion is expected to occur in the first half of 2026, pending final regulatory approvals.