Confidence green pastures lie ahead for Fonterra, as the sale of brands like Anchor and Mainland nears completion.

Almost 99 percent of shareholders voted today to get the tax-free $3.2 billion capital return, from the purchase by French company Lactalis.

FedFarmers Dairy Chair, Karl Dean, says the sale is part of Fonterra's move to focus on ingredients.

The Country's Jamie Mackay explained further.

LISTEN ABOVE

Confidence green pastures lie ahead for Fonterra, as the sale of brands like Anchor and Mainland nears completion.
Almost 99 percent of shareholders voted today to get the tax-free $3.2 billion capital return, from the purchase by French company Lactalis.
FedFarmers Dairy Chair, Karl Dean, says the sale is part of Fonterra's move to focus on ingredients.
The Country's Jamie Mackay explained further.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Jamie Mackay: The Country host on Fonterra shareholders voting to receive the tax free capital return from the Mainland sale

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b88283a3-d0ee-4cf2-ae3e-b3f60074c87d/transcript