Fonterra is confident farmers will vote to sell major brands like Anchor and Mainland.  

It's reached a deal to sell its consumer and associated businesses to French dairy giant Lactalis for $3.845billion. 

The deal still needs the approval of shareholders. 

Fonterra Chief Executive Miles Hurrell told Heather du Plessis-Allan that the offer is above expectation, and there will be a $2 capital return per share.  

He says, while the public have a strong emotional connection with the brands - the feedback has been positive. 

LISTEN ABOVE

Fonterra is confident farmers will vote to sell major brands like Anchor and Mainland. &nbsp;
It's reached a deal to sell its consumer and associated businesses to French dairy giant Lactalis for $3.845billion.&nbsp;
The deal still needs the approval of shareholders.&nbsp;
Fonterra Chief Executive Miles Hurrell told Heather du Plessis-Allan that the offer is above expectation, and there will be a $2 capital return per share. &nbsp;
He says, while the public have a strong emotional connection with the brands - the feedback has been positive.&nbsp;
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 Chief Executive confident farmers will support $3.8billion brand sales

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/d9b855f5-5f41-4f0a-b3cf-b341005e6b94/transcript