Yesterday Fonterra announced plans to sell its consumer businesses to global dairy giant Lactalis. The sale price? $3.845 billion.
Fonterra is the world's largest dairy exporter and this sale has been described as the biggest structural change in the company's history.
But the deal needs the approval of Fonterra's shareholders and if it goes ahead, it will include Mainland, Anchor, Kapiti ice cream and milk powder brand Anlene.
Dairy sector commentator and General Manager of Agri-Women's Development Trust, Julia Jones speaks to Susie Ferguson.
Fonterra chairman Peter McBride (left) and Fonterra chief executive Miles Hurrell. Photo: RNZ/Marika Khabazi
