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23 Feb 2026 18:30
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  •   Home > News > Rural

    The Prime Minister's celebrating Fonterra's sale of it's consumer arm to a foreign dairy giant

    The Prime Minister's celebrating Fonterra's sale of it's consumer arm to a foreign dairy giant


    Fonterra
    Fonterra
    The dairy co-op today inked a 3.8 billion dollar deal with French firm Lactalis .

    Brands like Anchor and Mainland will be sold to the company as part of the deal.

    Chris Luxon says most of that money will be returned to shareholders who are farming across New Zealand and spent in their local economies.

    The deal is pending shareholder approval.

    © 2026 Newstalk ZB, NZCity

     Other Rural News
     20 Feb: Fonterra is raising its forecast payout to farmers, following the latest rise in global dairy prices
     20 Feb: Fonterra's announced an extra dividend for farmers - as it pushes ahead with the sale of its consumer arm
     19 Feb: Confidence green pastures lie ahead for Fonterra, as the sale of brands like Anchor and Mainland nears completion
     18 Feb: Dairy prices have risen another 3.6 percent at this morning's latest Global Dairy Trade auction
     23 Jan: Dairy farmers could be in an earlier-than-expected pay day
     22 Jan: Fonterra's taking its growing organic business south for the first time
     15 Jan: Potential for a dairy price recovery
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