The letter of intent is non-binding, and the final transaction remains subject to a definitive agreement and regulatory procedures.
This new partnership combines Danone’s dairy business in Argentina, Mastellone Hermanos SA, and Logistica La Serenísima, their common logistics subsidiary.
As privately held entities, Sargento and La Terra Fina will not disclose any financial details of the sale.
The transaction is expected to close on 31 December 2026, subject to regulatory approval and other closing conditions.
Ausnutria will retain a 65% stake in the business and remain its majority shareholder.