NZ-based dairy major Fonterra to sell 50% in DFE Pharma for $400m

NZ-based dairy major Fonterra to sell 50% in DFE Pharma for $400m

Photo: Unsplash

New Zealand’s Fonterra on Wednesday agreed to sell its 50% stake in DFE Pharma for NZ$633 million ($400.37 million) as the world’s biggest dairy exporter trims its overseas portfolio to focus on domestic business.