Fonterra Update On The Consumer Divestment
Source: dairynews.today
Fonterra Co-operative Group Ltd updates on its divestment process for its global Consumer business, exploring both a trade sale and an initial public offering as divestment options.
Fonterra Co-operative Group Ltd has announced progress in its divestment strategy for its global Consumer business, including its integrated businesses in Oceania and Sri Lanka. The company is examining two potential pathways: a trade sale and an initial public offering (IPO).
To bolster preparations for a potential IPO, Anne Templeman-Jones has been named as Chair-elect of the Audit and Risk Committee for the Mainland Group Board, a decision praised by Fonterra Chair Peter McBride, who highlighted her vast experience in executive and governance roles across sectors such as banking, financial services, consumer goods, and energy. With 25 years as a banking executive in global roles, her governance experience includes positions on the boards of CBA Group, Blackmores Group, and Worley Limited. Fonterra had previously announced Elizabeth (Liz) Coutts ONZM as Chair-elect for the Mainland Group Board in March.
Furthermore, Fonterra is actively engaging potential purchasers as part of the trade sale process, indicating that some may soon seek regulatory approvals, a standard procedure in such transactions.
To bolster preparations for a potential IPO, Anne Templeman-Jones has been named as Chair-elect of the Audit and Risk Committee for the Mainland Group Board, a decision praised by Fonterra Chair Peter McBride, who highlighted her vast experience in executive and governance roles across sectors such as banking, financial services, consumer goods, and energy. With 25 years as a banking executive in global roles, her governance experience includes positions on the boards of CBA Group, Blackmores Group, and Worley Limited. Fonterra had previously announced Elizabeth (Liz) Coutts ONZM as Chair-elect for the Mainland Group Board in March.
Furthermore, Fonterra is actively engaging potential purchasers as part of the trade sale process, indicating that some may soon seek regulatory approvals, a standard procedure in such transactions.
