Miles Hurrell: Fonterra CEO on the company selling off its consumer brands

from Best of Business · host Newstalk ZB

Fonterra's farmer shareholders should get a decent payout from the sale of consumer brands like Anchor and Mainland. They've overwhelmingly voted for a $4.2 billion dollar sale to French company, Lactalis. ASB economists predict the sale will deliver a tax-free capital return of $3.2 billion - or $400,000 per farmer.  Chief executive Miles Hurrell says that's close, with a wide spectrum of farm sizes.  "Everyone will get their own cash in time accordingly, but yeah, $2 tax-free per share is a decent wedge of cash for most farmers." LISTEN ABOVESee omnystudio.com/listener for privacy information.

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