Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

HK Type 4 license through Ballingal Investment Advisors Ltd. 

I'm a highly experienced sell-side analyst with in excess of 22 years of covering Asia Pacific equities, the past 19 years immersed in event strategies encompassing M&A risk arbitrage, directional long/short, stub trades and restructuring.  

My background also includes accountancy (liquidation/bankruptcy/receivership) earlier in my career and as a chief financial officer of a global commodity company based in the US and Mexico.

Pan-Asia Catalysts/Events

Fonterra (FCG NZ) Inks Spin-Off With Lactalis

Quiddity Advisors

Event-Driven

Fonterra Co-Operative Group / Event-Driven

<ul>
<li>On the <a href="https://www.fonterra.com/nz/en/our-stories/media/fonterra-announces-step-change-in-strategic-direction.html" target="_blank" rel="noopener">16th May 2024</a>, dairy co-operative <a href="https://www.smartkarma.com/entities/fonterra-co-operative-group-ltd" target="_blank" data-smartkarma-citation="entities:28146:1" rel="noopener">Fonterra (FCG NZ)</a> announced a possible partial/full divestment of its global Consumer business, in addition to its Oceania and Sri Lanka integrated businesses.</li>
<li>Last November, Fonterra <a href="https://www.fonterra.com/nz/en/our-stories/media/fonterra-to-proceed-with-sale-process-for-consumer-businesses.html" target="_blank" rel="noopener">said</a> it would proceed with the sale process of these business, via a trade dale or IPO. Market valuations were upward of NZ$4bn for the "Mainland Group". </li>
<li>However, the spin-off hit a snag after a NSW court ruled Fonterra may need to renegotiate a long-term branding agreement with <a href="https://www.smartkarma.com/entities/bega-cheese-ltd" target="_blank" data-smartkarma-citation="entities:7272:1" rel="noopener">Bega Cheese (BGA AU)</a> should the divestment proceed. </li>
</ul>


On the 16th May 2024, dairy co-operative Fonterra (FCG NZ) announced a possible partial/full divestment of its global Consumer business, in addition to its Oceania and Sri Lanka integrated businesses.
Last November, Fonterra said it would proceed with the sale process of these business, via a trade dale or IPO. Market valuations were upward of NZ$4bn for the "Mainland Group". 
However, the spin-off hit a snag after a NSW court ruled Fonterra may need to renegotiate a long-term branding agreement with Bega Cheese (BGA AU) should the divestment proceed. 


Fonterra (FCG NZ)'s Consumer Ops Spin-Off (Potentially) Stumbles