Fonterra chair confident capital restructure proposal will get the votes

Chair Peter McBride is confident the government will come on board. (Image: supplied).

Thu, 18 Nov 2021

Fonterra chair Peter McBride is confident the dairy cooperative’s proposed capital structure changes will get shareholder backing and said a farmer mandate will help bring the government on board.“We wouldn’t be going forward if we didn’t feel we had the support,” he told BusinessDesk.The dairy giant kicked off consultation about the proposal last May when it warned New Zealand’s future milk supply is likely to decline or be flat at best. The annual general meeting is slated to take place in Invercargil...

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