McBride reiterates Fonterra not natural owner of consumer business

Fonterra's chair Peter McBride speak at the co-op's AGM. (Image: BusinessDesk)

Thu, 14 Nov 2024

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...

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