Fonterra says Tip Top has attracted a small number of buyers. Photo/NZ Herald.
Fonterra said it was talking with a small number of potential buyers of its icecream maker, Tip Top.
The dairy co-op has Tip Top and other assets up for sale in its bid to reduce debt by $800 million.
Tip Top had attracted a high number of potential buyers, and
the co-op had narrowed that down to a small number, chief executive Miles Hurrell said.
"While we haven't made any final decisions, we are talking with a small number of potential buyers," he said. "Some are interested in buying Tip Top in full and others in part."
Hurrell said Fonterra expects to make an announcement on Tip Top before the end of its finanicial year (July 31).
