Fonterra wins crucial change to let TAF go forward

Thu, 07 Jun 2012

By Pattrick Smellie June 07 (BusinessDesk) - Fonterra appears to have passed another crucial hurdle on the way to the June 25 special vote on the proposed Trading Among Farmers initiative, to create publicly investable units in the cooperative which runs New Zealand's largest global business. Parliament's primary production select committee report-back on the Dairy Industry Restructuring Amendment Bill has deleted a clause which Fonterra said would have stopped TAF in its tracks, by preventing Fonterra from acting against any attempted windi...

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