New Zealand's economy could look to benefit from Fonterra’s proposed sale.

The proposed sale of Anchor and Mainland brands to French company Lactalis could unlock around 4.5 billion in additional spending.

ASB Chief Economist Nick Tuffley says they estimate around 60 percent of shareholding farms could receive at least 200-thousand dollars.

He says the likely pay out would happen in the first half of next year, so after then,  the impacts on farm investments or consumer spending would be seen.

LISTEN ABOVE

New Zealand's economy could look to benefit from Fonterra’s proposed sale.
The proposed sale of Anchor and Mainland brands to French company Lactalis could unlock around 4.5 billion in additional spending.
ASB Chief Economist Nick Tuffley says they estimate around 60 percent of shareholding farms could receive at least 200-thousand dollars.
He says the likely pay out would happen in the first half of next year, so after then, &nbsp;the impacts on farm investments or consumer spending would be seen.
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

Nick Tuffley: ASB Chief Economist says New Zealand's economy could benefit from Fonterra sale

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/767b375d-3c22-41ad-a3a6-b37f0132634f/transcript