Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)

Exited Exit Completed

Fonterra Co-operative Group Limited is a New Zealand multinational dairy cooperative.

 
 
 
 
 

Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)

Exited Exit Completed
Glob.Revenue, mln.USD
894

Exit its businesses in Russia, 1% of annual exports for Fonterra. Promised to close office in Moscow, re-deploying staff where possible, and withdraw from joint venture Unifood. Exports halted but Moscow sales office was open, awaiting‘final regulatory clearances’.

The Company Statement
October 03, 2023

Will close office in Moscow, re-deploying staff where possible, and withdraw from joint venture Unifood. 03.10.2023: The legal entity was liquidated.

Open the Statement
Statements Archive
March 23, 2023Fonterra’s Russian retreat grinds on a year later: Exports halted but Moscow sales office still open, awaiting ‘final regulatory clearances’.
March 21, 2022Fonterra to exit Russian businesses
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