News | Rural
26 Jan 2026 0:29
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  •   Home > News > Rural

    The Prime Minister's celebrating Fonterra's sale of it's consumer arm to a foreign dairy giant

    The Prime Minister's celebrating Fonterra's sale of it's consumer arm to a foreign dairy giant


    Fonterra
    Fonterra
    The dairy co-op today inked a 3.8 billion dollar deal with French firm Lactalis .

    Brands like Anchor and Mainland will be sold to the company as part of the deal.

    Chris Luxon says most of that money will be returned to shareholders who are farming across New Zealand and spent in their local economies.

    The deal is pending shareholder approval.

    © 2026 Newstalk ZB, NZCity

     Other Rural News
     23 Jan: Dairy farmers could be in an earlier-than-expected pay day
     22 Jan: Fonterra's taking its growing organic business south for the first time
     15 Jan: Potential for a dairy price recovery
     15 Jan: Fonterra's boss says farmers are used to volatility in prices and payouts
     26 Dec: Some good news on the horizon for cattle and sheep farmers
     19 Dec: The Reserve Bank's weighing in on the Fonterra deal
     12 Dec: Dairy farmers are being warned they'll be taking a cut in earnings, due to falling global dairy prices
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     Today's News

    Living & Travel:
    More than 150 people have gathered at Mount Maunganui's Blake Park, braving a cool wind for a vigil for those lost in the landslide 21:57

    Law and Order:
    A 29 year old man has been charged with kidnapping after an incident in Blenheim yesterday morning 21:17

    International:
    A second person has been shot dead by federal agents in Minneapolis. Here's what we know 19:37

    Accident and Emergency:
    Further delays in the recovery of those missing in the Mount Maunganui campground landslide 19:27

    Motoring:
    Snell street in Waikato's Morrinsville, is closed following an earlier crash 18:57

    Skiing:
    Scotty James wins fifth-straight X-Games superpipe gold ahead of Milano Cortina Games 18:47

    Rugby:
    Japan international rugby coach Eddie Jones believes league is making big inroads into rugby's traditional domain 18:37

    Soccer:
    The Wellington Phoenix women have rocketed from 9th to second on the congested A-League ladder...after beating Adelaide United 3-1 at home in Porirua 18:07

    Basketball:
    Kiwi Finn Fisher-Black has ended cycling's Tour Down Under with a bang, crossing second in a sprint on the final stage to take 25th overall 18:07

    Cricket:
    Rain is disrupting the men's Super Smash T20 encounter in Christchurch...with the ladder-leading Northern Brave 51 for one in the 15th over against hosts Canterbury, scoring at just over eight and a half runs per over 17:57


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