Revamped Fonterra to be ‘more capital-efficient’
Fonterra chair Peter McBride says the divestment of Mainland Group is their last significant asset sale and signals the end of structural changes.
Fonterra, as one of the biggest corporates in the country, has been doing its bit for the community - like contributing to Kickstart Breakfast alongside the Government.
Given the financial strife facing Fonterra shareholders, should the co-op pull out of such initiatives until dairy prices improve?
This will keep a bit more money in farmers' pockets. And, isn't funding social welfare initiatives the job of the government?
