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.
The Hound’s pal reckons this is a nice touch, but suggests the ‘Lest we forget’ lyric, dedicated to the brave young men and women who died fighting for our country, may, for Fonterra suppliers, be equally a reminder of last season’s whopper $8.40 payout vs this year’s paltry $4.70.
Lest we forget, indeed!
