The co-op purchased the shareholding in 2013, and is selling it for $74 million.
Fonterra says the sale does not have implications of its long-standing relationship with Bega, which includes a license on the Bega brand, and a cheese supply contact.
Fonterra says it is focussing on investing in higher value-add dairy products, and that releasing the capital for future growth is the best use of shareholders’ funds.
Source: SkyNews