Fonterra Shareholders Approve Mainland Sale
Fonterra's farmer shareholders have approved the sale of its Mainland Group business to Lactalis for $4.22 billion.
The agreement was reached with 88.47% of the total farmer votes cast in favour of the divestment.
“We’ve been pleased to see so many farmers joining in the discussions since the start of this process in May last year...
Fonterra Chairman, Peter McBride, noted the high level of engagement from farmer shareholders.
Author's summary: Fonterra sells Mainland Group.More News
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