NZ sharemarket steady as Australian regulator clears path for Fonterra consumer arm sale

Fonterra’s consumer, dairy ingredients and food service businesses have been cleared for acquisition by the Australian Competition and Consumer Commission. Photo / NZME

Tom Raynel

Thu, 10 Jul 2025

The NZ sharemarket was virtually flat today while the Australian competition regulator gave some good news to a potential buyer of Fonterra’s consumer business.On the main board, the S&P/NZX 50 Index closed down 0.07% or 8.409 points, falling to 12,760.20, with 29,064,025 shares changing hands to the value of $96 million.The S&P/NZX 20 index closed at 7464.50, down 0.11%, while the S&P/NZX 10 index ended the day at 12,397.43, a fall of 0.18%.There were 74 gainers on the main board and 60 decliners.Fonterra go-aheadThe Australi...

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