Winston Peters slams Fonterra’s sale to Lactalis as “utter madness”
NZ First leader Winston Peters has continued his criticism of Fonterra to sell its brand business to the French company Lactalis, saying the move is "utter madness".
And it seems interest is strong across the ditch, not surprising when Fonterra Oceania owns some of Australia and New Zealand’s top milk, cheese and dairy dessert brands.
Bega Cheese last week informed the market that it was making a bid for Fonterra’s Oceania business. French company Lactalis has also confirmed that its Australian business unit is in the hunt for Fonterra Oceania.
And media reports say A2 Milk, with around $1 billion cash reserves, is eyeing manufacturing assets in New Zealand.
