Bell Gully Advises Lactalis On The Acquisition Of Fonterra's Global Consumer And Associated Businesses

Bell Gully is pleased to be advising Lactalis, the world’s largest dairy company, on its acquisition of Fonterra’s global Consumer and associated businesses.

The proposed transaction involves the acquisition of shares in Mainland Group Holdings Limited, a New Zealand incorporated holding company that is currently owned by Fonterra. The proposed transaction comprises Fonterra’s global Consumer business (excluding Greater China) and Consumer brands, the integrated Foodservice and Ingredients businesses in Oceania and Sri Lanka, and the Middle East and Africa Foodservice business.

The proposed transaction is subject to certain financial adjustments and conditions including approval by Fonterra’s farmer shareholders, and receipt of certain regulatory approvals.

The Bell Gully team advising Lactalis was led by corporate partners James Gibson and Alex Bond. The team also included partners Laura Littlewood, Graham Murray, Glenn Shewan, Liz Coats, Natasha Garvan and Jane Holland and senior associates Hannah Turton and Kate Driver.

Lactalis was also advised by Freshfields LLP (France) and Allens (Australia), with whom Bell Gully closely collaborated on the transaction.

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