John Stevenson: Fonterra Co-Operative Council Chair on Fonterra selling its consumer brands

The Mike Hosking Breakfast

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.

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