Book Reviews | Gordon Campbell | News Flashes | Scoop Features | Scoop Video | Strange & Bizarre | Search

 


Fonterra Tries To Do New Friends In Chile


Fonterra Tries To Do New Friends In Chile

Fonterra Goes Head To Head With Chilean Dairy Producers Subsidiary

By Manuel Paredes - SANTIAGO, Chile.

A rift between an offshore Fonterra controlled enterprise and a Chilean diary producer's body is drawing to a head - the clash is hampering not only this company's progress but also any chance of a Chile/New Zealand free trade agreement.

An advertisement published in a Chilean business newspaper states on July 27 an extraordinary meeting of stockholders of South Milk Processor Society of the South, PROLESUR will be held. It is one of Soprole’s subsidiaries.

Soprole is a Fonterra subsidiary that is a major shareholder of the Chilean company.

A rift between the Fonterra controlled shareholding and those with Chilean interests became apparent on Friday 2 of July, when two directors from the Aninat Foundation were suspended. Aninat is the second majority stockholder. Its officers refused to sign an official document designed to reduce participation of minority stockholders in the Prolesur’s directory.

Fonterra plans to erode Chilean influence on the board by reducing the number of Prolesur directors from seven to five. The move is expected to be made at the July 27 meeting.

Minority stockholders are planning to resist Fonterra's plan, drawing in support of all other parties with Chilean interests.

Aninat Foundation has 43% of Soprole’s share and currently it is aiming to defend Chilean producers' rights. It claims Fonterra mounted a pressure campaign by ignoring or refusing to negotiate.

The power-rift is preventing the company from progressing.

It also has influenced south Chile's senators and deputies against moves to establish a Free Trade Agreement with New Zealand - Fonterra's home nation. They consider that any agreement with NZ would damage Chile's small dairy producers' market.

© Scoop Media

 
 
 
 
 
Top Scoops Headlines

 

Werewolf: Living With Rio’s Olympic Ruins

Mariana Cavalcanti Critics of the Olympic project can point a discernible pattern in the delivery of Olympics-related urban interventions: the belated but rushed inaugurations of faulty and/or unfinished infrastructures... More>>

Live Blog On Now: Open Source//Open Society Conference

The second annual Open Source Open Society Conference is a 2 day event taking place on 22-23 August 2016 at Michael Fowler Centre in Wellington… Scoop is hosting a live blog summarising the key points of this exciting conference. More>>

ALSO:

Buildup:

Gordon Campbell: On The Politicising Of The War On Drugs In Sport

It hasn’t been much fun at all to see how “war on drugs in sport” has become a proxy version of the Cold War, fixated on Russia. This weekend’s banning of the Russian long jumper Darya Klishina took that fixation to fresh extremes. More>>

ALSO:

Binoy Kampmark: Kevin Rudd’s Failed UN Secretary General Bid

Few sights are sadder in international diplomacy than seeing an aging figure desperate for honours. In a desperate effort to net them, he scurries around, cultivating, prodding, wishing to be noted. Finally, such an honour is netted, in all likelihood just to shut that overly keen individual up. More>>

Open Source / Open Society: The Scoop Foundation - An Open Model For NZ Media

Access to accurate, relevant and timely information is a crucial aspect of an open and transparent society. However, in our digital society information is in a state of flux with every aspect of its creation, delivery and consumption undergoing profound redefinition... More>>

Keeping Out The Vote: Gordon Campbell On The US Elections

I’ll focus here on just two ways that dis-enfranchisement is currently occurring in the US: (a) by the rigging of the boundary lines for voter districts and (b) by demanding elaborate photo IDs before people are allowed to cast their vote. More>>

Ramzy Baroud: Being Black Palestinian - Solidarity As A Welcome Pathology

It should come as no surprise that the loudest international solidarity that accompanied the continued spate of the killing of Black Americans comes from Palestine; that books have already been written and published by Palestinians about the plight of their Black brethren. In fact, that solidarity is mutual. More>>

ALSO:


Get More From Scoop

 
 
 
 
 
 
 
Top Scoops
Search Scoop  
 
 
Powered by Vodafone
NZ independent news