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Fonterra on Wrightson

Fonterra on Wrightson

Fonterra Co-operative Group Chairman, Henry van der Heyden, said today Fonterra had no interest in selling its 19.9% stake in Wrightson to Rural Portfolio Investments.

Mr van der Heyden's statement followed the bid launched today by Rural Portfolio Investments for a 19.9% holding in the company. RPI represents the interests of Otago business family, the McConnons, and the family of former Fonterra CEO, Craig Norgate.

Mr van der Heyden said as far as Fonterra's investment was concerned, it was "business as usual" and the co-operative did not see the RPI bid as any threat.

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