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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.

Vivici has raised €32.5 million in Series A funding to expand its precision fermentation dairy protein business.

Fonterra Cooperative Group has announced new developments regarding its global consumer business divestment.

Mars is committing $27 million over the next five years through its newly launched Farmer Forward Program, in collaboration with Fonterra.

Fonterra, New Zealand's largest dairy exporter, is set to invest $150m in electrification initiatives across its North Island operations.

Fonterra will move forward with the sale of its global consumer business, alongside its integrated operations in Oceania and Sri Lanka.