I don't think by Christmas out of the question. And yes, any big Eu co-op who is prepared to take the whole would be most palatable. With Koroit down to 200 farms my guess is board would support and lay it down to the farmers soon. This would be a terrible outcome for Fonterra as a cashed up owner wanting to get factories smoking again will easily draw away many of their old disgruntled supply, ruining their recent hard work.
MGC Price at posting:
78.0¢ Sentiment: Buy Disclosure: Held