McBride reiterates Fonterra not natural owner of consumer business

McBride reiterates Fonterra not natural owner of consumer business
Fonterra's chair Peter McBride speak at the co-op's AGM. (Image: BusinessDesk)
Riley Kennedy
Fonterra cannot justify investing shareholder’s money into a business that generates returns lower than their opportunity cost of capital, its chair says.The co-op is holding its annual meeting in New Plymouth on Thursday. Earlier this week, it confirmed it will press ahead with the sale of its consumer business – as well as Fonterra Oceania and Fonterra Sri Lanka – either through a trade sale or initial public offering (IPO). The consumer brands include Anchor, Mainland, Kāpiti, Anlene, Anmum, Fernleaf, Western Star and...

More Primary Sector

Halter NZ’s revenue drops but gains more local farmers
Primary Sector

Halter NZ’s revenue drops but gains more local farmers

Its NZ’s results don’t show full group performance.

Riley Kennedy 29 Aug 2025
Pāmu gets ‘bold’ with $100m profit target
Primary Sector

Pāmu gets ‘bold’ with $100m profit target

It would need to double from its 2025 result.

Riley Kennedy 29 Aug 2025
Zespri looking to cut up to 135 roles
Primary Sector

Zespri looking to cut up to 135 roles

Zespri wants a simpler, more focused organisation.

Rebecca Howard 26 Aug 2025
Fonterra, Bega resolve brand dispute
Primary Sector

Fonterra, Bega resolve brand dispute

The original Mainland sale price was around $3.8b, and is now $4.22b.

Riley Kennedy 26 Aug 2025