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.
Former director Stuart Nattrass has vetoed the independent selection process to stand as a self-nominated candidate after securing the nomination of at least 35 shareholders.
His group of nominators are interesting -- they include a former Federated Farmers chairman, a former Feds dairy chairman and a former Fonterra board member.
A well-known corporate farmer from Bay of Plenty and others are also on the list.
