Core Viewpoint - Fonterra Group has agreed to sell its global consumer brands and related businesses to Lactalis for NZD 3.845 billion (approximately CNY 16 billion), excluding the Greater China region, where Fonterra remains optimistic and continues to invest [2][3]. Group 1: Transaction Details - The sale includes Fonterra's global consumer brand business (excluding Greater China), integrated food service and ingredient businesses in Oceania and Sri Lanka, and food service operations in the Middle East and Africa [2]. - The brands involved in the transaction include over 20 names such as Anchor, Mainland, Kāpiti, Anlene, Anmum, Fernleaf, Western Star, and Perfect Italiano [2]. Group 2: Strategic Focus - Fonterra has decided to retain its consumer brands business in Greater China, having previously announced that the divestment process would not affect this region [2]. - The company aims to enhance operational efficiency and brand clarity by merging its consumer brands and food service businesses in Greater China [2]. Group 3: Future Plans - Fonterra views China as a key strategic market and has established six application centers in the country, with the latest one opened in Wuhan last year [3]. - The completion of the sale is subject to conditions including approval from Fonterra's farmer shareholders, business separation, and regulatory approvals, expected to finalize in the first half of 2026 [3]. - The divestment aligns with Fonterra's long-term strategy to focus more on its ingredients and food service businesses, aiming to sell innovative products in over 100 countries [3].