China’s largest milk powder maker, Shijiazhuang Sanlu Group, is reportedly nearing a deal to sell a 39% stake in Sanlu to New Zealand dairy giant Fonterra.


The two companies are in the final round of negotiations, but the purchase price has not yet been decided, reported the Business Daily Update, citing a Sanlu official.


If the deal goes ahead, Fonterra will become the second-largest shareholder of Sanlu after Shijiazhuang Dairy Group.


Asia is Fonterra’s main export market, with Japan and the Philippines two of the main destinations for Fonterra’s dairy products.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now