Sri Lanka, Aug. 22 -- Fonterra has agreed to sell its Consumer and associated businesses to Lactalis for $3.845 billion NZD

Sale is subject to certain conditions, including Fonterra farmer shareholder approval, separation of the businesses and receipt of regulatory approvals

Farmer shareholder vote to occur in late October or early November with Notice of Meeting to be issued in October

Fonterra targeting a tax free capital return of $2.00 dollars per share

Sale includes long-term agreement for Fonterra to sell milk and ingredients to Lactalis

Subject to the satisfaction of conditions, the sale is expected to complete in the first half of 2026

Fonterra's FY25 earnings guidance of 65-75 cents per share remains unchanged

Fonterra Co-...