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John Stevenson: Fonterra Co-operative Council Chair says farmers are planning investments after Fonterra sale
Published 1 month, 2 weeks ago
Description
Many Fonterra dairy farmers are planning to invest their upcoming capital return back into their farms.
The dairy co-op's been given the green light by regulators to sell its consumer brands to France dairy giant Lactalis for $4.22 billion.
Farmers will get back two-dollars a share, possibly by the middle of next month.
Fonterra Co-operative Council Chair John Stevenson told Mike Hosking that farmers will be trying to make the most of the money they receive.
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