Fonterra Co-operative Group Ltd has confirmed that the agreement to sell its global consumer and associated businesses, Mainland Group, to Lactalis for NZD 4.22 billion is now unconditional.
All required regulatory approvals have been received, and the separation of Mainland Group from Fonterra is complete.
With all conditions of the sale satisfied, Fonterra and Lactalis will now proceed to complete the transaction.
In February, Fonterra shareholders voted to approve a capital return of NZD 2.00 per share to shareholders and unitholders following completion of the transaction.
Fonterra can today advise that it expects the record date to be eligible for the capital return to be the 9th of April 2026 and the payment date to be the 14th of April 2026, based off the transaction completing at the end of March 2026.
Fonterra will confirm the capital return record date and payment date when the transaction completes.
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