Miles Hurrell: Fonterra Chief Executive relieved to see farmers backing Lactalis sale
The Mike Hosking Breakfast · Newstalk ZB
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Show Notes
The boss of Fonterra is relieved to see so many farmers back the Lactalis sale.
Almost 90-percent of votes backed the 4.2 billion dollar deal, that will see the French dairy giant take over iconic Kiwi brands like Anchor and Mainland.
Miles Hurrell says some farmers were unsure about the plan when it was first announced.
The chief executive told Mike Hosking that they've been working hard to change minds.
Hurrell says there was a few questions out there from farmer-shareholders, which isn't surprising given they have a lot invested in the company.
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