Source: Radio New Zealand
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Dairy co-operative Fonterra says the $4.22 billion sale of its Mainland Group to Lactalis is unconditional, with the sale expected to be completed by the end of the month.
Fonterra said all required regulatory approvals and sale conditions had been satisfied in order to separate from Mainland Group and its global consumer and associated businesses from the co-op.
“Fonterra and Lactalis will now proceed to complete the transaction,” Fonterra said in a market statement.
In February, Fonterra shareholders voted to approve a capital return of $2.00 per share to shareholders and unit-holders following completion of the transaction.
The capital return to shareholders was expected to be 9 April, with a payment date of 14 April, based on the completion of the transaction by the end of the month.
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– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand
