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Fonterra sells UK link

This article was originally published in Foodnews

FONTERRA has sold its 25% stake in AFF, a joint venture to market Anchor products, to the majority partner, Arla Foods. The purchase price has not been disclosed. Fonterra will keep using Arla to license its Anchor brand and supply New Zealand butter in the UK. AFF was set up in 2002 with Arla Foods to market block butter, spread and aerosol cream products in the UK.



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