ZB ZB
Opinion
Live now
Start time
Playing for
End time
Listen live
Listen to NAME OF STATION
Up next
Listen live on
ZB

Farmers are keen to see the "best possible value" from Fonterra sale

Author
Newstalk ZB,
Publish Date
Tue, 12 Nov 2024, 7:44am
Photo / Getty Images
Photo / Getty Images

Farmers are keen to see the "best possible value" from Fonterra sale

Author
Newstalk ZB,
Publish Date
Tue, 12 Nov 2024, 7:44am

Fonterra appears to have the backing of farmers for its sale of big-name consumer brands. 

The dairy co-op has confirmed plans to sell its consumer arm —which owns Anchor, Mainland and Kapiti— for up to $3 billion. 

It's also set to sell off its Oceania and Sri Lanka businesses. 

Fonterra Co-Operative Council Chair John Stevenson told Mike Hosking farmers have indicated they're open to either a trade sale or an IPO. 

He says farmers want to see the best possible value in any sale, and they will have to a vote on what happens. 

LISTEN ABOVE 

Take your Radio, Podcasts and Music with you