Fonterra’s Lactalis deal gets Bega sweetener
Co-op to receive a further $375m from Lactalis after Bega agrees to the transfer of brand licences.
Fonterra has licensed Bega brands in Australia since 2001.
Fonterra’s dispute over brand licences with Bega Cheese in Australia has been resolved, triggering a further $375 million payment from Lactalis under the Mainland Group sale announced on Friday.
The agreement takes the total payable to Fonterra by Lactalis to $4.22 billion.
ASX-listed Bega had been
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