FSF - Mainland Group sale unconditional

Fonterra Co-operative Group Ltd has today confirmed that the agreement to sell its global consumer and associated businesses, Mainland Group to Lactalis for $4.22 billion is now unconditional.

All required regulatory approvals have been received and the separation of Mainland Group from Fonterra is complete.

With all conditions of the sale satisfied, Fonterra and Lactalis will now proceed to complete the transaction.

Timing of capital return

In February, Fonterra shareholders voted to approve a capital return of $2.00 per share to shareholders and unitholders following completion of the transaction.

Fonterra can today advise that it expects the record date to be eligible for the capital return to be 9 April 2026 and the payment date to be 14 April 2026, based off the transaction completing at the end of March 2026.

Fonterra will confirm the capital return record date and payment date when the transaction completes.

ENDS

• Mainland Group Sale Unconditional

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

BRM - Barramundi Limited Investment Mandate
Devon Funds Morning Note - 30 October 2026
VGL - Vista Group appoints Rob Hamilton as Independent Director
PCT - announces Downtown decision, capital return & buyback
FSF - Fonterra lifts forecast 2026/27 Farmgate Milk Price
October 30th Morning Report
BPG - Blackpearl signs US data partnership agreement
POT Annual Meeting 2026: Chair and Chief Executive's Speech
MEE - First half FY27 outlook / Series 1 Warrant exercise update
ERD - HY27 Results Announcement Date