South American Real Estate News
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New Zealand Dairy Co operative Fonterra sells its Chilean business Soprole for $1.055 billion

Fonterra will sell its Chilean business Soprole to Gloria Foods in a deal worth 591.07 Chilean Pesos or around $1.055 billion. Fonterra’s predecessor, the Dairy Board, bought a controlling stake in Soprole in 1986. In 2008, Fonterra took its holding in Soprole, one of Chile’s best-known brands, to a fraction under 100 per cent. It was sold to a Peruvian company called Gloria Foods It began a sales process in April as part of its strategy for 2030 to reduce its debts and. refocus on its home market. Fonterra…
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