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S Foods Inc (2292.T)

2292.T on Tokyo Stock Exchange

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New Zealand's Fonterra sells Tip Top ice cream to Froneri for $250 million

Dairy group Fonterra on Monday confirmed the sale of its New Zealand Tip Top ice cream business to UK-based Froneri for NZ$380 million (192.63 million pounds), as it looks to trim its portfolio and focus on international markets.

UPDATE 2-NZ's Fonterra sells Tip Top ice cream to Froneri for $250 mln

* Froneri to invest further in Tip Top (Adds statement from Froneri, details on Tip Top)

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