Fonterra Co-operative Group Limited (NZSE : FCG), European Energy Exchange AG and NZX Limited (NZSE : NZX) agreed to acquire Global Dairy Trade Holdings Limited for NZD 35 million on February 17, 2022. Under the terms of agreement, Fonterra's transaction proceeds on sale total NZD 35 million. Final transaction proceeds will be subject to customary post-completion adjustments. As a part of acquisition, Fonterra, NZX and EEX each holding an equal one-third (33.33%) shareholding in the global dairy auction platform. The transaction is subject to the approval of Boards, clearance from European or any other relevant competition law authorities, and finalisation of transaction documentation. The transaction is expected to close mid-2022.

Fonterra Co-operative Group Limited (NZSE : FCG), European Energy Exchange AG and NZX Limited (NZSE : NZX) completed the acquisition of Global Dairy Trade Holdings Limited on June 30, 2022.