Miles Hurrell: Fonterra Chief Executive confident farmers will support $3.8billion brand sales

Fonterra is confident farmers will vote to sell major brands like Anchor and Mainland.  

It's reached a deal to sell its consumer and associated businesses to French dairy giant Lactalis for $3.845billion. 

The deal still needs the approval of shareholders. 

Fonterra Chief Executive Miles Hurrell told Heather du Plessis-Allan that the offer is above expectation, and there will be a $2 capital return per share.  

He says, while the public have a strong emotional connection with the brands - the feedback has been positive. 

LISTEN ABOVE

See omnystudio.com/listener for privacy information.