Our farmer shareholders have given the go ahead for the Co-operative to sell its global Consumer and associated businesses, Mainland Group, to Lactalis Group for $4.22 billion, with 88.47% of the total farmer votes cast in support of the recommendation and 80.59% participation based on milk solids voted. “The divestment will usher in an exciting new phase for the Co-op. We will be able to focus Fonterra’s energy and efforts on where we do our best work. We will have a simplified and more focused business, the value of which cannot be overstated,” Pete McBride Subject to regulatory approvals and the separation of Mainland Group business from Fonterra, the transaction is expected to be completed in the first half of the 2026 calendar year. Read more here: https://lnkd.in/gdnzmGjj
One more! Congratulations
Rahul Kumar
1w
Worst decision by Fonterra farmers . Very soon they will realise the blunder
Talent Acquisition Specialist | 9+ Years Connecting Top Talent in Agriculture, Farm Management & Agri-Business | Expert in Workforce Planning, Policy Implementation & Sustainable Industry Hiring
3wA strategic and forward-thinking decision by the Co-op. Streamlining operations and focusing on core strengths will position Fonterra for stronger global performance and sustainable growth ahead. This move reflects a smart long-term vision. By focusing on what Fonterra does best, the Co-op can enhance efficiency, innovation, and value for its farmer shareholders in the coming years.