Source: Fonterra Co-operative Group Ltd
Fonterra Co-operative Group Ltd has today 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 February, Fonterra shareholders voted to approve a capital return of $2.00 per share to shareholders and unitholders following completion of the transaction.
Fonterra can today advise that it expects the record date to be eligible for the capital return to be 9 April 2026 and the payment date to be 14 April 2026, based off the transaction completing at the end of March 2026.
Fonterra will confirm the capital return record date and payment date when the transaction completes.
About Fonterra
Fonterra is a co-operative owned and supplied by thousands of farming families across Aotearoa New Zealand. Through the spirit of co-operation and a can-do attitude, Fonterra’s farmers and employees share the goodness of our milk through innovative consumer, foodservice and ingredients brands. Sustainability is at the heart of everything we do, and we’re committed to leaving things in a better way than we found them. We are passionate about supporting our communities by Doing Good Together.
Fonterra Co-operative Group Ltd has today 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 February, Fonterra shareholders voted to approve a capital return of $2.00 per share to shareholders and unitholders following completion of the transaction.
Fonterra can today advise that it expects the record date to be eligible for the capital return to be 9 April 2026 and the payment date to be 14 April 2026, based off the transaction completing at the end of March 2026.
Fonterra will confirm the capital return record date and payment date when the transaction completes.
About Fonterra
Fonterra is a co-operative owned and supplied by thousands of farming families across Aotearoa New Zealand. Through the spirit of co-operation and a can-do attitude, Fonterra’s farmers and employees share the goodness of our milk through innovative consumer, foodservice and ingredients brands. Sustainability is at the heart of everything we do, and we’re committed to leaving things in a better way than we found them. We are passionate about supporting our communities by Doing Good Together.
