date:Jun 27, 2012
On June 25, the 10,500 farmers who jointly own dairy giant Fonterra voted to allow outsider investment in the company for the first time. These external investments will be directed towards a US$400m fund.
Investors will get dividends but no ownership stake in what is being called the Trading Among Farmers (TAF) Scheme, which Fonterra management has described as a step to better secure its finances.
Though the dairy giant has been given the go-ahead to implement the controversial scheme, with