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.
While the official cautionary statement did not name the buyer, market intelligence strongly points to Varun Beverages positioning itself to take over the dairy giant.
The transaction remains subject to regulatory approval and customary closing conditions.
Financial terms were not disclosed.