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Fonterra-Danone arbitration decision due

Fonterra has asked for a trading halt on its securities as it expects to find out the results of arbitration with Danone over the 2013 whey contamination scandal.

The request was made to the ASX, the NZX Main Board/Debt Market and the Fonterra Shareholders Market on Friday morning.

"Fonterra has been advised that it will receive the arbitration tribunal's decision today. The decision document is expected to be both lengthy and complex and neither party has been given advance notice of the tribunal's findings," it said in a statement.

It needed time to digest the arbitration outcome before assessing its financial implications.

French food giant Danone took Fonterra to court after it recalled some of its products in August 2013 when testing showed 38 tonnes of whey protein, which is used to make infant formula, could be contaminated with a botulism-causing bacteria.

Further testing showed the bacteria wasn't present and there was never a health risk.

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