ZB ZB
Opinion
Live now
Start time
Playing for
End time
Listen live
Listen to NAME OF STATION
Up next
Listen live on
ZB

Fonterra Chief Exec. relieved to see farmers support Lactalis sale

Author
Newstalk ZB,
Publish Date
Fri, 31 Oct 2025, 7:43am
Photo / File
Photo / File

Fonterra Chief Exec. relieved to see farmers support Lactalis sale

Author
Newstalk ZB,
Publish Date
Fri, 31 Oct 2025, 7:43am

The boss of Fonterra is relieved to see so many farmers back the Lactalis sale.

Almost 90-percent of votes backed the 4.2 billion dollar deal, that will see the French dairy giant take over iconic Kiwi brands like Anchor and Mainland.

Miles Hurrell says some farmers were unsure about the plan when it was first announced.

The chief executive told Mike Hosking that they've been working hard to change minds.

Hurrell says there was a few questions out there from farmer-shareholders, which isn't surprising given they have a lot invested in the company.

LISTEN ABOVE

Take your Radio, Podcasts and Music with you