Fonterra

Fonterra’s full-year forecast earnings range has been narrowed to 65-75 cents per share, at the upper end of its previous guidance.

The interest from Lactalis emerged after Reuters reported that the business was among the companies considering bidding for the Fonterra assets.

The cooperative is looking to divest its well-known brands and operations as part of a strategic shift

The Canpac facility, known for blending and packaging milk powders, has faced challenging economic conditions

Fonterra has declared a fully imputed interim dividend of 22 cents per share