The New Zealand dairy co-op has confirmed plans to sell off its consumer arm, for up to three billion dollars.
That would see it relinquish well-known brands like Anchor, Mainland Cheese and Kapiti Ice Cream.
Forsyth Barr Senior Analyst Matt Montgomerie says Fonterra's reporting meaningful buyer interest for a potential trade sale.
He says another dairy giant like Nestle or Danone could be interested.
