Fonterra offloads DFE Pharma, bags $550m
Fonterra is receiving a $550 million cash boost following the sale of its 50% stake in pharmaceutical maker, DFE Pharma.
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?
