Fonterra | The world’s largest milk exporter is withdrawing from Lithuania

A strategic investor, the world's largest milk exporter - the New Zealand company Fonterra, which had a 10% stake, is withdrawing from one of the largest milk processing companies Rokiškios sūris. shares.

The company shares for 7,9 million. will sell to “Rokiškio sūris” (2,2 euros per share), “Rokiškio sūris” announced on the “Nasdaq” Vilnius Stock Exchange. He plans to buy them in May through the official offering market of the Nasdaq stock exchange.

“Strategic investor Fonterra has decided to exit the capital of Rokiškis sūris with its minority share as part of a long-term strategic investment review. Cooperation in milk processing and product trade will continue under conditions acceptable and beneficial to both parties,” the report states.

In 2019, it was announced that “Fonterra” is giving up some partnerships, but it plans to expand with “Rokiškios sūris”. “Verslo žinios” announced at the time that if the entire development did not work out, Fonterra was reviewing the agreements with partners and giving up part of the managed assets.

“Rokiškios sūris”, in which Fonterra invested more than 7 million euros, said that the dialogue is taking place regarding new projects that did not exist in the country until then.

At the end of 2017, Fonterra’s subsidiary “Fonterra (Europe) Cooperatie”, registered in Holland, was purchased for more than 7 million. purchased 10 percent of euros. “Rokiškios sūris” shares.

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