Fonterra mulls options - sale or IPO
An outright sale of Fonterra’s global consumer business is more likely than a float, says Forsyth Barr senior analyst equities, Matt Montgomerie.
Wilson says over 400 meetings were held around the dairying regions; the last shed meeting was held this week.
Wilson told about 150 shareholders at Fonterra's special meeting today that the quality of feedback at these meeting was "excellent".
"Your feedback and ideas helped us make changes to the original proposal, he says.
Wilson says there's no "off the shelf" solution to the co-op's governance and representation.
He says the proposal asks farmers to make significant changes to take the co-op forward.
