Dairy firm Fonterra and FMCG multinational Nestle have agreed to sell Dairy Partners Americas (DPA) Brazil joint venture to French dairy company Lactalis for BRL 700 million (approx. $133 million), subject to closing transaction adjustments. The sale, which has been delayed due to the pandemic related market conditions, is aligned with the co-op’s strategy of prioritising its New Zealand milk pool. Created in 2023, Fonterra holds 51% stake and Nestle …