New Zealand-based Fonterra said in an emailed statement to Reuters that it was advancing a dual-track divestment process and was in talks with potential buyers, but did not provide further details.

The global cheese market reached a value of US$ 77.6 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 113.3 Billion by 2027, exhibiting a CAGR of 6.31% during 2022-2027.

While the ACCC has reviewed Lactalis’ proposal, Fonterra is yet to make a decision as it weighs up all offers. Other bidders for the business include Meiji, Friesland Campina and Bega Cheese.

In November, New Zealand-based Fonterra announced plans to sell or list the units to sharpen its focus on core milk processing operations, with the divestment potentially valued at around NZ$4 billion ...

Fonterra has the cash to fund its expansion plans in China after it raised 1.25 billion yuan ($201.53 million) in five-year "dim sum" bonds in January. In an interview with Reuters, Fonterra CEO Theo ...

June 16 (Reuters) - Australia's Bega Cheese (BGA.AX) said on Monday it plans to seek informal regulatory approval for the acquisition of peer Fonterra's (FCG.NZ) Oceania business, even as the ...

Bega Cheese seeks informal clearance for Fonterra Oceania bid as full asset sale looms Stock Markets Published 06/16/2025, 01:46 AM Updated 06/16/2025, 04:46 AM ...