Australian dairy producer Bega Cheese $BGA.AX announced plans to seek informal regulatory approval to acquire the Oceania operations of New Zealand’s dairy giant Fonterra $FSF.NZ. This move comes as Fonterra pursues a broader strategic divestment of its global consumer and integrated businesses, including the Oceania region and Sri Lanka. The potential transaction highlights ongoing consolidation trends in the dairy industry in the Oceania market and reflects the shifting landscape for large dairy producers amid global restructuring efforts.