Fonterra | New Zealand-based dairy company Fonterra is selling its Australian operations

One of our biggest dairy companies, New Zealand-based Fonterra, said today that it will sell its Australian operations in a major corporate overhaul.

Fonterra operates a range of household names, including Western Star Butter, Mainland Cheese, and Perfect Italiano Cheese.

It also sells under the Bega Cheese brand under a long-term marketing deal.

E&P Financial today put out a note saying Bega is a natural buyer for the Fonterra business in Australia.

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