Fonterra appears to have the backing of farmers for its sale of big-name consumer brands. 

The dairy co-op has confirmed plans to sell its consumer arm —which owns Anchor, Mainland and Kapiti— for up to $3 billion. 

It's also set to sell off its Oceania and Sri Lanka businesses. 

Fonterra Co-Operative Council Chair John Stevenson told Mike Hosking farmers have indicated they're open to either a trade sale or an IPO. 

He says farmers want to see the best possible value in any sale, and they will have to a vote on what happens. 

LISTEN ABOVE 

Fonterra appears to have the backing of farmers for its sale of big-name consumer brands.&nbsp;
The dairy co-op has confirmed plans to sell its consumer arm —which owns Anchor, Mainland and Kapiti— for up to $3 billion.&nbsp;
It's also set to sell off its Oceania and Sri Lanka businesses.&nbsp;
Fonterra Co-Operative Council Chair John Stevenson told Mike Hosking farmers have indicated they're open to either a trade sale or an IPO.&nbsp;
He says farmers want to see the best possible value in any sale, and they will have to a vote on what happens.&nbsp;
LISTEN ABOVE&nbsp;

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more.

The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

John Stevenson: Fonterra Co-Operative Council Chair on Fonterra selling its consumer brands

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/92854c6e-7d7f-4194-aef2-b22501351af2/transcript

Advertisement