Bega Group to Fonterra: Let us bid

Bega Group to Fonterra: Let us bid
Bega owns the Vegemite brand and now it wants Anchor, Mainland and its own cheese brand. (Image: Getty)
Riley Kennedy
Bega Group wants the chance to bid for the consumer business being spun out of Fonterra Co-operative Group and claims to have been left out.But the New Zealand dairy co-op says it is following a typical process with the steps that would be expected.Australian dairy company Bega, which counts Australian billionaire Andrew (Twiggy) Forrest’s investment group Tattarang as its largest shareholder, says it has the backing to pull together a compelling offer to take the Oceania operation while a partner takes the Asian assets.Or it could make a...

More Primary Sector

$55m deal secures Santana mining land
Primary Sector

$55m deal secures Santana mining land

The gold miner now owns all the land where its best mining prospects lie.  

Fonterra’s fascinating exec incentive scheme
Opinion

Stock & Trade: Fonterra’s fascinating exec incentive scheme

Winston Peters has questioned bonuses linked to Fonterra’s $4.2b sale.

Paeroa company switches on ‘world first’ seaweed biorefinery
Primary Sector

Paeroa company switches on ‘world first’ seaweed biorefinery

The tech behind the plant comes from a $1m Endeavour grant to Scion.