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New Zealand-based dairy giant Fonterra has announced a divestment of its global consumer and associated businesses to Lactalis for $2.3 billion.

New Zealand dairy cooperative Fonterra has said it will discontinue the production of its Anchor A2 milk and organic milk offerings for local consumers.

The Australian Competition and Consumer Commission (ACCC) has initiated an informal review of Bega Cheese Limited's proposal to acquire certain consumer and dairy ingredient businesses from New Zealand-based Fonterra Co-operative Group.

Bubs Australia, a key player in the infant nutrition market, has appointed Joe Coote as its new CEO, marking the company's second leadership change in less than two years.

The Australian Competition and Consumer Commission (ACCC) has announced it will not oppose Lactalis Group's' proposed acquisition of Fonterra Co-Operative Group's consumer, dairy ingredients and food service businesses.

Australian dairy group Bega Cheese has confirmed it is seeking informal regulatory approval for its potential acquisition of Fonterra’s Oceania business.

Major international dairy companies, including Meiji, Lactalis and Saputo, are reportedly considering bids for Fonterra’s global consumer businesses, according to Reuters, citing two sources familiar with the matter.

Fonterra has announced plans to close its canning and packaging facility, Canpac, located in Hamilton, New Zealand, by the end of July 2025.

Fonterra has restructured its management team as it advances its strategic overhaul.