Revamped Fonterra to be ‘more capital-efficient’
Fonterra chair Peter McBride says the divestment of Mainland Group is their last significant asset sale and signals the end of structural changes.
He has ratcheted up attacks on Fonterra bosses, arguing the sale is not in New Zealand's long-term interest and relinquishes control of valuable national assets.
With the election around the corner, Peters is turning to one of his favourite and proven tactics - playing the crusader guarding New Zealand's economic interests.
Voting on the sale started earlier this month, so while Peters got the headline he wanted, it remains to be seen if his antics have any impact on how the vote turns out.
