Lactalis in front to acquire Fonterra’s Australian dairy assets after ACCC clearance
The world's largest dairy company may be in pole position to acquire Fonterra's Australian assets.
Fonterra's board is holding a special meeting this afternoon to decide whether TAF (trading among farmers) will go ahead.
Votes cast at eight meeting venues around the country are now being counted. The meeting ended at 1.35pm.
Fonterra chairman Henry van der Heyden says he has convened a special board meeting this afternoon.
"Once the votes are counted and the results are out, the board will decide whether to proceed with TAF," he told the Hamilton meeting.
Van der Heyden says he will email shareholders on the board decision before holding a media conference.
He has asked for "a clear mandate" from shareholders.
Meanwhile Federated Farmers Dairy chairman Willy Leferink is urging shareholders to respect the board's decision.
"I urge shareholders to show respect to whatever decision the board makes this afternoon," he told farmers from the Ashburton meeting.
He thanks the Fonterra board for holding the second vote on TAF.
Two butcheries have claimed victory at the 100% New Zealand Bacon & Ham Awards for 2025.
A Taupiri farming company has been convicted and fined $52,500 in the Hamilton District Court for the unlawful discharge of dairy effluent into the environment.
The Climate Change Commission’s 2025 emissions reduction monitoring report reveals steady progress on the reduction of New Zealand’s climate pollution.
Another milestone has been reached in the fight against Mycoplasma bovis with the compensation assistance service being wound up after helping more than 1300 farmers.
The Government’s directive for state farmer Landcorp Farming (trading as Pamu) to lifts its performance is yielding results.
The move to bring bovine TB testing in-house at Ospri officially started this month, as a team of 37 skilled and experienced technicians begin work with the disease eradication agency.
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