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 chief executive Theo Spierings says he believes in the co-op, its strategy and future.
He says Fonterra's strategy is working.
He was commenting on media reports that he will be quitting the high profile job.
Spierings says he landed from a trip to China to read media reports about his future with the co-op.
He says it took him 10 days to reassure key customers and partners worldwide that he was not quitting.
Fonterra chairman John Wilson described the media report as "rubbish".
"It's just appalling that as we have a vote underway such report surfaces," he said at the special agm on governance.
Wilson says as soon he found out about the report, he sent an email out to farmers rubbishing the report.
OPINION: The Government's decision to stop local authorities going ahead with reviews of district and regional plans makes sense for several reasons.
With June ending and following the most upbeat National Fieldays for several years, tractor dealers are reporting a lift in sales.
Global trade wars and uncertain tariff regimes could play into the hands of many New Zealand exporters, according to Gareth Coleman ANZ’s Head of Trade & Supply Chain.
The long running trade dispute between NZ and Canada appears to be over.
Herd improvement company LIC has ended the 2024-25 financial year in a strong position - debt-free and almost quadrupling its net profit.
There's been widespread support from the primary sector for the Government's move to put the brakes on local authorities to do any more work on planning changes ahead of major changes to the Resource Management Act (RMA).
OPINION: Will synthetic milk derail NZ's economy?
OPINION: According to media reports, the eye-watering price of butter has prompted Finance Minister Nicola Willis to ask for a…