The sale of iconic brands like Mainland and Anchor to a French company has today been given the green light from Fonterra's farmer shareholders
More than 88 percent of the votes cast at a special meeting backed the $4.2 billion sale to French dairy giant Lactalis.
The threshold required to approve the sale was more than 50 percent.
However not everyone is happy about the deal.
New Zealand First leader Winston Peters described the decision as "utter madness" and "economic self-sabotage".
Julia Jones is an independent advisor in ag industry and joins Emile Donovan.
Photo: 123rf / Supplied images
