I see that W D has accepted a sale offer from a Chinese company for $588 mil , can some smarter that I please post the link from todays Stuff web site.
I see that W D has accepted a sale offer from a Chinese company for $588 mil , can some smarter that I please post the link from todays Stuff web site.
I see that W D has accepted a sale offer from a Chinese company for $588 mil , can some smarter that I please post the link from todays Stuff web site.
Are there any other N Z listed dairy companies out there.
Even though Balance has said that it is possible broke, this purchase is a game changer for W D as it opens access into China in a big way imo.
Agree with you. That's why the Chinese bought it and why the farmer suppliers will support it.
But big risk for the Chinese as the farmers are not contractually bound to supply Westland as I understand the co-operative arrangements post the acquisition.
So the Chinese really do need to do a Synlait or Open Country Cheese, and pay more than Fonterra.
Agree with you. That's why the Chinese bought it and why the farmer suppliers will support it.
But big risk for the Chinese as the farmers are not contractually bound to supply Westland as I understand the co-operative arrangements post the acquisition.
So the Chinese really do need to do a Synlait or Open Country Cheese, and pay more than Fonterra.
W D farmers in the driving seat here as if the Chinese do not preform they will switch companies , Im picking that the new owners will pay a premium as they can from the retail side of the business where as Fonterra pays wholesale plus a share of its profit , approx. .50 / kg atm, interesting times at present for all parties.
W D farmers in the driving seat here as if the Chinese do not preform they will switch companies , Im picking that the new owners will pay a premium as they can from the retail side of the business where as Fonterra pays wholesale plus a share of its profit , approx. .50 / kg atm, interesting times at present for all parties.
Time for the dairy industry to send a rocket up Fonterra's arse.
Agree with you. That's why the Chinese bought it and why the farmer suppliers will support it.
But big risk for the Chinese as the farmers are not contractually bound to supply Westland as I understand the co-operative arrangements post the acquisition.
So the Chinese really do need to do a Synlait or Open Country Cheese, and pay more than Fonterra.
Picture this in you minds eye;
A Fonterra tanker conveying de-watered milk from their Stillwater concentration plant to Racecourse Hill stopped at a level crossing to allow a train to pass conveying the Peoples Milk from the Rolleston concentration plant to the Red Banner Collectives Hokitika factory.
Boop boop de do
Marilyn
PS. Not as nutritious as Yak milk produced by oppressed Tibetan peasants who yearn for the return of His Holiness the Dalai Lama.
Last edited by Marilyn Munroe; 19-03-2019 at 11:30 AM.
Reason: Added PS
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