Fonterra and Nestlé offload Dairy Partners Americas joint venture to Lactalis

13 Dec 2022 — Fonterra and Nestlé have reached an agreement to sell their Brazil-based Dairy Partners Americas (DPA) joint venture to French dairy company Lactalis for BRL 700 million (US$131.5 million), subject to closing transaction adjustments. The deal is expected to be completed by mid-2023, subject to regulatory authority approvals.