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24 Aug 2025 17:40
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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.

    © 2025 Newstalk ZB, NZCity

     Other Rural News
     23 Aug: Fonterra farmers are being tight-lipped on how they feel about selling its largest brands - including Anchor and Mainland
     21 Aug: The uncertainty isn't over for dairy farmers
     12 Aug: Could iconic Kiwi dairy brands like Anchor and Mainland soon be under French ownership?
     06 Aug: Dairy prices have risen 0.7 percent at the latest Global Dairy Trade auction overnight
     25 Jul: Nicola Willis insists her talks with Fonterra about butter prices have been productive
     22 Jul: The Finance Minister's getting face-to-face with Fonterra's boss tonight, over rising dairy prices
     16 Jul: Dairy prices have risen 1.1 percent at the latest Global Dairy Trade auction
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    Rugby:
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    Living & Travel:
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    Disappointment from All Blacks fullback Will Jordan with hooker Codie Taylor's 100th game ending on a sour note 15:27

    Rugby League:
    A loss for the Gold Coast Titans, at the hands of the Warriors, has led to a fiery exchange between coach Des Hasler and a journalist 14:57

    Business:
    The gas crisis, has left one of our largest companies reassessing its options 14:07

    Rugby League:
    Warriors coach Ron Griffiths is praising the quick progression of winger Payton Takimoana ahead of this afternoon's NRLW clash with the Sharks in Hamilton 13:57

    Rugby:
    All Blacks coach Scott Robertson is pointing to poor execution and ill discipline as the main reasons behind their 29-23 Rugby Championship loss to Argentina in Buenos Aires 13:47

    Law and Order:
    Police are asking for the public's help, after a roadside assault in Waikato's Tokoroa 13:27


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