Jamie Mackay: The Country host on Fonterra shareholders voting to receive the tax free capital return from the Mainland sale

Confidence green pastures lie ahead for Fonterra, as the sale of brands like Anchor and Mainland nears completion.

Almost 99 percent of shareholders voted today to get the tax-free $3.2 billion capital return, from the purchase by French company Lactalis.

FedFarmers Dairy Chair, Karl Dean, says the sale is part of Fonterra's move to focus on ingredients.

The Country's Jamie Mackay explained further.

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