Fonterra has agreed to sell its consumer businesses to French multinational dairy company Lactalis - the world's largest dairy outfit.
The proposed $3.8 billion sale still requires approval from Fonterra shareholders and if it goes ahead, would include Mainland, Anchor, Kapiti ice cream and milk powder brand Anlene.
Forsyth Barr Senior Analyst Matt Montgomerie discusses with Emile Donovan.
Photo: RNZ / Diego Opatowski
