FrieslandCampina sells shares in New Zealand milk processing company Synlait Milk Ltd.

2 March 2017

Today, FrieslandCampina Investments Holding B.V., a subsidiary of Royal FrieslandCampina N.V., sold its 8.2 percent shares in Synlait Milk Ltd. for 32 million euros. The shares were acquired for 23 million euros in 2013.  The dairy company Synlait Milk Ltd. is established on the South Island of New Zealand near Christchurch and supplies high-quality basic materials for the dairy industry.

In 2013, an interest in Synlait was acquired in order to gain access to milk supplies and so secure the continuity of the Asian business of FrieslandCampina. Another objective was to have an alternative for the production of infant nutrition.  After reconsideration FrieslandCampina expects to be able to reach these objectives on its own.