Fonterra ownership structure 'not on the table', says director Scott St John

Sat, 18 Aug 2018

By Paul McBeth Aug. 18 (BusinessDesk) - Fonterra Cooperative Group won’t be changing its ownership structure, but is keen on bringing on partners to fund future projects, says director Scott St John. The Auckland-based company’s capital structure has been criticised as making it too hard to raise equity and led to a poor track record of adding value from investments, with one of its harshest critiques coming from First NZ Capital analyst Arie Dekker. Units in the Fonterra Shareholders’ Fund, which gives investors exposure to the cooper...

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