Overview

• The agreement transfers staple brands including Anchor, Mainland, Kāpiti and Anlene to the French dairy group.
• The sale also covers Foodservice and Ingredients operations in Oceania and Sri Lanka, plus Foodservice in the Middle East and Africa.
• Fonterra said the price could rise by NZ$375 million if Australian Bega licences are included in the transaction.
• Further competition reviews are expected in multiple jurisdictions, with an earlier ACCC clearance of related Australian assets noted by prior coverage.
• Local reporting in New Zealand highlights questions over pricing, supply and stewardship of household dairy brands under new ownership.