Fonterra's $4.22 billion sale of its Mainland Group to Lactalis unconditional

Fonterra's $4.22 billion sale of its Mainland Group to Lactalis unconditional

It said all required regulatory approvals and sale conditions had been satisfied and was expected to be completed by the end of the month.

Final Countdown for Fonterra's Multi-Billion Dollar Mainland Sale to Lactalis: Unconditional Deal Set for Imminent Closure

read the original version on: www.retailnews.asia Fonterra, the New Zealand-based co-operative, has announced that it is on the cusp of finalising the sale of its Mainland consumer business. As of now, the deal has met all the necessary conditions and is set to conclude within the current month. Regulatory Approvals Secured Fonterra has assured that all mandatory regulatory approvals have been […] The post Final Countdown for Fonterra’s Multi-Bi…

Fonterra says Mainland sale is unconditional, settlement imminent

Fonterra’s sale of its Mainland consumer business is set to complete within this month as the deal is now unconditional. The New Zealand co-operative said in a stock exchange filing that it had received all required regulatory approvals for the separation. Fonterra first announced the sale of its global consumer and associated businesses – Mainland Group – to French dairy company Lactalis last August. Mainland Group owns brands such as Mainland,…

Fonterra declares deal to sell Mainland Group to Lactalis unconditional

Fonterra Co-operative Group Ltd has confirmed on March 6 that the agreement to sell its global consumer and associated businesses, Mainland Group to Lactalis for $4.22 billion is now unconditional.

Mainland Group sale unconditional

Fonterra Co-operative Group Ltd has confirmed that the agreement to sell its global consumer and associated businesses, Mainland Group to Lactalis for $4.22 billion is now unconditional. All required regulatory approvals have been received and the separation of Mainland Group from Fonterra is complete. With all conditions of the sale satisfied, Fonterra and Lactalis will now proceed to complete the transaction. Timing of capital return In Februa…

Mainland Group Sale Unconditional

Fonterra Co-operative Group Ltd has confirmed that the agreement to sell its global consumer and associated businesses, Mainland Group, to Lactalis for NZD 4.22...