John Stevenson: Fonterra Co-Operative Council Chair on Fonterra selling its consumer brands
Fonterra appears to have the backing of farmers for its sale of big-name consumer brands. The dairy co-op has confirmed plans to sell its consumer arm —which owns Anchor, Mainland and Kapiti— for up to $3 billion. It's also set to sell off its Oceania and Sri Lanka businesses. Fonterra Co-Operative Council Chair John Stevenson told Mike Hosking farmers have indicated they're open to either a trade sale or an IPO. He says farmers want to see the best possible value in any sale, and they will have to a vote on what happens. LISTEN ABOVE See omnystudio.com/listener for privacy information.