Fonterra Co-operative Group Recommends Shareholders Approve Sale of MGHL to Lactalis

MT Newswires Live

2025/09/29

Fonterra Co-operative Group (NZE:FCG) said its board unanimously recommends that shareholders approve the conditional sale of the cooperative's global consumer and associated businesses to French dairy group Lactalis for $4.22 billion, according to a Monday filing with the New Zealand bourse.

The special meeting is set for Oct. 30, and the sale is expected to be completed in the first quarter of fiscal 2026, the filing said.

Apart from shareholder approval, the sale requires regulatory approvals and separation of the businesses, the filing added.

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