"The writing has been on the wall for a very long time, and it is obvious that the coy paid far too much for this asset, and is more happy to pass the result of its mistake to the tax paying, tax weary, tax payer."
There is some truth in that, however Coca cola Amatil could easily shut down in Australia and continue manufacturing overseas if they wanted to continue processing fruit. From their point of view it might be reasonable that Government provide an inducement for them to continue manufacturing in Australia by sharing in some of the investment risk to fund retooling. They invest $90 million Governments fork out $50 million in return for a guaranteed 6 year period of manufacturing til 2020.
