‘Waiting game’ continues for Fonterra Australia IPO

“We want to look at the Australia business and see what our options are to take some capital off the table," said chief financial officer Marc Rivers. (Image: Supplied)

Ella Somers

Thu, 17 Mar 2022

Fonterra is still weighing up options to extract cash from its Australian division, with an initial public offering for 49% of the business still under consideration.Chief financial officer Marc Rivers – who today announced his exit from the co-operative later this year – told media it’s “just looking at what our options are” from the strategic review of the unit announced in September, which he said needs time to be done properly.“It's very much in the analysis phase,” he said. “We want to lo...

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