Fonterra is expected to receive global interest when it sells off some of its most well-known brands. 

The dairy giant has confirmed plans to sell its consumer arm, including brands like Anchor, Mainland Cheese, and Kapiti Ice Cream. 

The sale could bring in up to $3 billion. 

Forsyth Barr Senior Analyst Matt Montgomerie told Ryan Bridge he expects large dairy companies like Nestle would make a bid if it's put to a trade sale. 

He says there could be multiple buyers at play, or the brands could be sold through an IPO. 

LISTEN ABOVE