Fonterra gets A$103M of warranty claims from buyer of WA Brownes business

Fri, 02 Nov 2012

By Paul McBeth Nov. 2 (BusinessDesk) - Dairy exporter Fonterra Cooperative Group has had to make a late amendment to its offer document for its controversial shareholders' fund after the buyer of its Western Australian business lodged A$103 million of warranty claims just days after the prospectus was launched. Fonterra received notice on Oct. 31 from the buyer of its former WA business Peters and Brownes, after the offer document was issued, it said in an emailed statement. The cooperative broke up the Australian business it bought in 2011...

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