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

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

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

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/1227d6d2-a375-49ce-a23b-b386004c5273/transcript

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