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Fonterra likely to withdraw from Brazilian joint venture

Co-op’s third quarter revenue reaches $15 billion.

Dairy giant Fonterra is reviewing its stake in a Brazilian joint venture and closing its Dennington factory in Victoria, Australia, with the loss of 98 jobs.

The moves are part of Fonterra’s sweeping review to simplify its global portfolio and prioritise its New Zealand milk supply. The new

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Graham Skellern Thu, 23 May 2019
Contact the Writer: graham@nbr.co.nz
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Fonterra likely to withdraw from Brazilian joint venture
Business,
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