Lactalis says no deal signed on possible Fonterra units purchase Asked about the bid, Lactalis said no deal had been signed2 May 2025 2 May 2025 2 minute read 2 minute read By: By: Global Ag Media Europe OceaniaLactalis, the world's largest dairy group, is interested in international investments but has not signed an agreement to buy parts of New Zealand-based dairy giant Fonterra, Reuters reported on Friday, following reports Lactalis was considering an offer. The French, privately owned company was among those considering bidding for units Fonterra is seeking to divest in a $2.37 billion deal, Reuters reported on Thursday. Asked about the bid, Lactalis said no deal had been signed. Several pre-emptive steps are standard ahead of any agreement being considered, and Lactalis has not signed an agreement," it said. Two sources told Reuters that a deal could value the businesses Fonterra is seeking to sell at around NZ$4 billion ($2.37 billion).