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Listen "Farmers vote to sell Fonterra's iconic brands"
Episode Synopsis
More than 88 percent of Fonterra's famer shareholders today voted to sell Mainland, Kapiti and Anchor to French dairy giant Lactalis for $4.2 billion. Winston Peters' has labelled the decision utter madness, economic self-sabotage and an outrageous short-sighted sugar hit. It's estimated farmer shareholder will get an average tax free payout of about $392,000. Chair of Fonterra's coperative council and farmer, John Stevenson spoke to Lisa Owen.
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