date:May 28, 2014
l, Argentina, Ecuador and Colombia which had been run by the joint venture. Fonterra expects to get about NZ$96 million ($82.1 million) in the next financial year to reflect the value of the assets it is giving up.
Nestle will also buy Fonterra's share in a liquid dairy business in Ecuador, while a chilled and liquid dairy business in Venezuela will go back to Fonterra, which will operate it with a local partner.
The joint venture will remain in place in Brazil for the commercialization of chi