Primary Sector

No questions asked as farmers back Fonterra's capital idea

Rebecca Howard
Thu, 09 Dec 2021

No questions asked as farmers back Fonterra's capital idea
Fonterra's chair Peter McBride spearheaded the process. (Image: Supplied)
Rebecca Howard
Thu, 09 Dec 2021
Farmer shareholders voted in favour of a new capital structure for Fonterra with 85.16% support.The entire process took less than 25 minutes and there were no questions either from participants at the special meeting in Invercargill or from those online.“Today our farmers have agreed. We have received a strong mandate for change with 85.16% of votes cast in favour of the proposal and 82.65% of eligible votes being cast,” said chair Peter McBride. He voiced some surprise at the lack of debate but told BusinessDesk it spoke to th...

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