Fonterra has completed the sale of its Nestlé’s Dairy Partners Americas Brazil joint venture to French dairy company Lactalis.
The proposed sale by Fonterra and Nestlé of their Dairy Partners Americas (DPA) Brazil joint venture to French dairy company Lactalis has caught the eye of staff at Brazil’s antitrust watchdog CADE.
The Auckland company is trialling production of its plant-based butter in South America.
The government is making a $10m contribution alongside partners in Latin America and the Caribbean to build resilience, enhance food security and address the challenges of climate change for small-scale primary producers.
