Patience needed for Fonterra's streamlining, says FNZC's Dekker

Thu, 21 Mar 2019

By Paul McBeth March 21 (BusinessDesk) - Farmers and investors will need to be patient with Fonterra Cooperative Group's overhaul of its business, which sometime-critic First NZ Capital analyst Arie Dekker says is moving in the right direction. The cooperative's board is working through a review of the business which has seen several assets put on the market to help cut the milk processor's debt levels, and has signalled more divestments are coming. Chair John Monaghan yesterday described the review as pre-empting a fundamental chang...

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