Fonterra to change listings in cost-saving move

About 4% of Fonterra Shareholders' Fund shares on held on the ASX. (Image: NZME)

Wed, 06 Nov 2024

Fonterra has announced changes to the listing of its Fonterra Co-operative Group (FCG) and Fonterra Shareholders' Fund (FSF) in New Zealand and Australia.FCG shares will move to the NZ Exchange (NZX) main board. Since 2012, they have been traded in a dedicated private market operated by the NZX. "Fonterra is looking to do this because it saves the co-op money going forward, as the NZX will no longer need to operate a separate market just for Fonterra’s restricted farmer Co-op shares," the company said in an announcement...

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