Scoop has an Ethical Paywall
Fonterra to Divest Share in Dairy Technical Services
18 April 2016
Fonterra to Divest Share in Dairy Technical
Services
Fonterra Australia has today announced it has
signed an agreement to divest its shareholding (36.02 per
cent) in Dairy Technical Services (DTS) to a consortium
comprising Bureau Veritas Singapore and AsureQuality
Limited.
DTS was originally set up as a cooperative testing service company for dairy companies in Victoria, and its other shareholders are The Warrnambool Cheese and Butter Group, Murray Goulburn and AsureQuality.
As a result of this sale, Bureau Veritas Singapore and AsureQuality Limited will own all shares in DTS.
The sale, which is conditional on regulatory approvals, is expected to be completed by the end of May 2016.
Together, the new owners of DTS will bring extensive international testing experience to the Australian dairy and food industry, and will continue to provide testing services to Fonterra.
ENDS
RNZ: Parts Of Power System Could Be Out For 36 Hours In Event Of Extreme Solar Storm
NZAS: New Zealand Association Of Scientists Awards Celebrate The Achievements Of Scientists And Our Science System
Stats NZ: Retail Spending Flat In The September 2024 Quarter
Antarctica New Zealand: International Team Launch Second Attempt To Drill Deep For Antarctic Climate Clues
Vegetables New Zealand: Asparagus Season In Full Flight: Get It While You Still Can 
Bill Bennett: Download Weekly - How would NZ telecoms cope with another cyclone
