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.
The Fonterra Shareholders Council says today's launch of the TAF prospectus is a tangible result of years of hard work by the co-op and its farmers.
Ian Brown, who heads the council tasked with safeguarding the interests of the dairy cooperative's 10,500 Shareholders, says it was an historic day for Fonterra Shareholders.
"Our farmers have always been leaders and this is another example of them being heavily involved in an innovative step forward for our industry."
The Farmer Shareholder Supply Offer invites Fonterra farmer Shareholders to consider the opportunity to sell the economic rights of some of their shares to the Fonterra Shareholders' Fund and the Prospectus and Investment Statement for the Fund allows the public to consider buying Units in the Fund.
"The offer is the first step in launching Trading Among Farmers which is designed to provide farmers with increased flexibility in running their businesses," Brown says.
"Also, by ensuring our co-op has permanent capital Fonterra will be able to make the most of opportunities, identified in the Strategy Refresh, to improve shareholder returns."
Brown says it is important to emphasise that the offer provided an opportunity to invest in units issued by the Shareholders' Fund – not to buy Fonterra shares.
"Voting rights and shares have and will always be linked to milk production, this principle is rock solid and a lot of hard work has been done over the past two-plus years to ensure 100% supplying shareholder ownership and control of Fonterra is secured.
"What the offer opportunity does present is the chance for investors to engage with Fonterra like never before and I believe this can only be a good thing for our co-op."
Brown says it is important that shareholders do their own due diligence on the offer before them.
"I encourage shareholders to read the Prospectus and Investment Statement for the Fund and the Farmer Shareholder Supply Offer Booklet and seek advice from your advisors before progressing further."
Two butcheries have claimed victory at the 100% New Zealand Bacon & Ham Awards for 2025.
A Taupiri farming company has been convicted and fined $52,500 in the Hamilton District Court for the unlawful discharge of dairy effluent into the environment.
The Climate Change Commission’s 2025 emissions reduction monitoring report reveals steady progress on the reduction of New Zealand’s climate pollution.
Another milestone has been reached in the fight against Mycoplasma bovis with the compensation assistance service being wound up after helping more than 1300 farmers.
The Government’s directive for state farmer Landcorp Farming (trading as Pamu) to lifts its performance is yielding results.
The move to bring bovine TB testing in-house at Ospri officially started this month, as a team of 37 skilled and experienced technicians begin work with the disease eradication agency.
OPINION: Spare a thought for the arable farmer, squeezed on one side by soft global prices and on the other…
OPINION: Labour leader Chris 'Chippy' Hipkins is carrying on the world-class gaslighting of the nation that he and his cohorts…