Fonterra has announced that it plans to sell its 50% stake in DFE Pharma which supplies pharmaceutical excipients. The partnership was formed in 2006 between Fonterra and Friesland Campina. Fonterra has also reported strong interest in the sale of the brand Tip Top which it announced it would consider selling late last year.
Last year Fonterra posted its first ever loss, losing $196 million for the financial year. However, this year is looking better for the company with reports that it has recorded a net profit of $80 million.