Fonterra's farmers must back share sale
By Dean Best | 16 November 2007
Dairy giant Fonterra hopes its plans for a share sale will give the company the cash it needs to fund overseas expansion. Chairman Henry van der Heyden has called on the co-operative's 11,000 members to be "bold and brave" and back the plans. And with dairy consumption booming in markets like China, Dean Best believes this is a too good an opportunity for Fonterra's farmers to ignore.
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Dairy giant Fonterra hopes its plans for a share sale will give the company the cash it needs to fund overseas expansion. Chairman Henry van der Heyden has called on the co-operative's 11,000 members to be "bold and brave" and back the plans. And with dairy consumption booming in markets like China, Dean Best believes this is a too good an opportunity for Fonterra's farmers to ignore.
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