Fonterra's farmer shareholders should get a decent payout from the sale of consumer brands like Anchor and Mainland.

They've overwhelmingly voted for a $4.2 billion dollar sale to French company, Lactalis.

ASB economists predict the sale will deliver a tax-free capital return of $3.2 billion - or $400,000 per farmer. 

Chief executive Miles Hurrell says that's close, with a wide spectrum of farm sizes. 

"Everyone will get their own cash in time accordingly, but yeah, $2 tax-free per share is a decent wedge of cash for most farmers."

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Fonterra's farmer shareholders should get a decent payout from the sale of consumer brands like Anchor and Mainland.
They've overwhelmingly voted for a $4.2 billion dollar sale to French company, Lactalis.
ASB economists predict the sale will deliver a tax-free capital return of $3.2 billion - or $400,000 per farmer.&nbsp;
Chief executive Miles Hurrell says that's close, with a wide spectrum of farm sizes.&nbsp;
"Everyone will get their own cash in time accordingly, but yeah, $2 tax-free per share is a decent wedge of cash for most farmers."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Miles Hurrell: Fonterra CEO on the company selling off its consumer brands

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/830e69bf-8e6c-40ef-a818-b386004c5407/transcript