Dec 16 (Reuters) - Fonterra Co-Operative Group Ltd FCG.NZ :
* Fonterra to sell Australian yoghurt dairy desserts business
* Transaction is expected to be completed in the first half the of the 2016 calendar year
* Both parties entered into exclusive negotiations which have now culminated in the signing of a sale agreement"
* All fonterra's echuca and tamar valley employees in yoghurt and dairy dessert business received offers of employment from parmalat
* Source text for Eikon ID:nNZW2Hnk6R