Fonterra consumer business sale price jumps to $4.22b
The sale price of Fonterra’s global consumer and associated businesses to the world’s largest dairy company Lactalis has risen to $4.22 billion.
Of the 10 wards, six will have new councillors: six sitting councillors have had enough and are retiring. Only four are re-contesting.
The council has come under fire for its role over the years. Some farmers accuse it of turning a blind eye to years of bad investment decisions by the directors and management.
With the council under the pump are we seeing councillors heading for the lifeboats?
