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FIJI NEWS
May 29, 2012 12:00:00 AM
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A local company will be the new owner of Fiji Dairy Limited.

From a list of 16 local and international applicants, the FDL board shortlisted nine before reducing it to four and then the final two local companies.

Board chairman Adrian Sofield said both companies are heavily involved in manufacturing and distribution of dairy products.

He said they have given their recommendations to government and the decision will be announced next week.

The government owns 80 per cent of the shares in the company, all of which will be sold, while dairy farmers have 20 percent shares.

By Ropate Valemei

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