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

Fonterra

Almost 99 percent of shareholders voted today to get the tax-free 3.2 billion dollar 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.

He says profit will still be made from the Mainland brand, but from ingredients, not the final product.