Nestle: to review options for Brazil joint venture

(CercleFinance.com) - Swiss food giant Nestle and New Zealand's Fonterra said that they agreed to review strategic options for the future ownership of their dairy joint venture in Brazil, including a potential sale of their respective stakes.


Fonterra and Nestlé created the "Dairy Partners Americas" (DPA) venture in 2003, to manufacture and market dairy products throughout Latin America.

In 2014, the joint venture refocused its activities on Brazil and the marketing of chilled dairy produce.

Fonterra holds a 51% stake in the company, with Nestlé the other 49%. The review is expected to be completed by the end of 2019, the companies said.

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