New Zealand's Fonterra gets farmers' nod for $2.42 billion consumer business divestment

Fonterra-operative

29/10/2025 22:57

Oct 30 (Reuters) - New Zealand's Fonterra Co-operative Group FCG.NZ said on Thursday its farmer shareholders have agreed to the NZ$4.22 billion ($2.42 billion) divestment of its global consumer and associated businesses to French dairy major Lactalis.

About 88.47% of the total farmer votes were cast in support of the divestment, the dairy company said. ($1 = 1.7443 New Zealand dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru; Editing by Alan Barona)

 ((JasmeenAraIslam.Shaikh@thomsonreuters.com))