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Hot Topic Budget 25
General Business
1 mins to read

Fonterra sells DFE Pharma for $633m

Proceeds to go toward debt reduction.

Wed, 25 Sep 2019

Fonterra is selling its half share in Germany-based DFE Pharma for $633 million, allowing significant progress toward its debt reduction target.

The business will be sold to private equity funds run by CVC Capital Partners.

The proceeds comprise cash of $537m plus 15-year vendor finance of

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Fonterra sells DFE Pharma for $633m
General Business,
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