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Fonterra prefers alliances to chasing acquisitions

Mar 23, 2017 - Australian Financial Review

Fonterra Co-operative

Shares (last) $5.68 -1¢

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*Payable April 20

Int div* (NZ) 20¢ 20¢

EPS 26¢ 25¢

Net ($NZm) 418 409

Pre-tax ($NZm) 487 486

Sales ($NZm) 9241 8838

Half year 2017 2016

The world's largest dairy exporter, Fonterra Co-operative, will seek strategic alliances rather than pursue growth via acquisition, confirming it is not interested in buying its customer, troubled infant formula maker Bellamy's Australia.

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