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Fonterra Co-operative Group Limited ( (NZ:FCG) ) has provided an announcement.
Fonterra has completed the sale of its global consumer and associated businesses, Mainland Group, to French dairy giant Lactalis, marking a strategic shift away from consumer brands. The deal underpins a long-term partnership in which Lactalis becomes one of Fonterra’s largest ingredients customers, as Fonterra continues to supply milk and other products to the divested operations.
The co-operative will return $3.2 billion of divestment proceeds to farmer shareholders and unit holders via a $2.00 per share capital return structured as a capital reconstruction, alongside an NZX-approved three-day trading halt to manage settlement and registry updates. Fonterra reaffirmed its FY26 earnings guidance for continuing operations at 50–65 cents per share and is targeting a recovery to FY25 earnings levels by FY28, signalling confidence that its refocused B2B strategy can offset the loss of Mainland Group’s contribution.
More about Fonterra Co-operative Group Limited
Fonterra Co-operative Group is a New Zealand farmer-owned global dairy co-operative focused on business-to-business supply. It sells ingredients and foodservice products worldwide under brands such as NZMP and Anchor Food Professionals, positioning itself as a major B2B dairy provider rather than a consumer-branded player.
Average Trading Volume: 190,983
Technical Sentiment Signal: Buy
Current Market Cap: N$9.91B
For a thorough assessment of FCG stock, go to TipRanks’ Stock Analysis page.