According to Fonterra, the parent companies decided that the conditions to continue with the merger application were not appropriate. There are no plans to present a new application to the Chilean authorities.
Fonterra CEO Andrew Ferrier said the focus for Soprole would now be on expansion of its consumer business. “Soprole already has a very strong position in the Chile market and has been posting strong growth in recent years. The team is now focused on building on that strong foundation.”