Matt Montgomerie: Forsyth Barr Senior Analyst says Fonterra's sale could see global interest
Update: 2024-11-11
Description
Fonterra is expected to receive global interest when it sells off some of its most well-known brands.
The dairy giant has confirmed plans to sell its consumer arm, including brands like Anchor, Mainland Cheese, and Kapiti Ice Cream.
The sale could bring in up to $3 billion.
Forsyth Barr Senior Analyst Matt Montgomerie told Ryan Bridge he expects large dairy companies like Nestle would make a bid if it's put to a trade sale.
He says there could be multiple buyers at play, or the brands could be sold through an IPO.
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