date:May 24, 2019
Nestl and New Zealand-based dairy producer Fonterra Co-operative Group Ltd. are reviewing strategic options for the future ownership of their Dairy Partners Americas (DPA) Brasil joint venture, including a potential sale of their respective stakes.
Nestl holds a 49 percent stake, while Fonterra owns 51 percent. In 2018, DPA reported sales of estimated at BRL 1 billion (US$247.5 million). It operates two plants and employs 1,400 people. Nestl, Chamyto, Ninho, Chandelle, Chambinho, Neston and Mol