Fonterra Suppliers Confident in Mainland Dairy Future
Fonterra's 460 milk suppliers in Australia, who will switch to Lactalis end of this month, are unfazed with the impending change.
Shareholder meetings have ended, management have made their case and the ball is now in the farmers’ court.
Not all Fonterra farmers back the divestment, which will see Lactalis paying $4.22 billion for the co-op’s consumer and related businesses.
Expect some farmers to vote from their heart and oppose the sale – voting to keep these iconic brands in NZ hands.
But Fonterra is expecting a majority to say yes. The co-op requires 50.1% support from those who vote – a threshold they should easily achieve.
