Fonterra CEO says no timeframe for decisions on capital structure

Thu, 18 Jun 2020

Fonterra chief executive Miles Hurrell said no decisions have been made about the dairy cooperative’s capital structure and he does not have a timeframe for a review underway. “There is a small team working on it now, internally. No decisions have been made, a number of options have been considered,” Hurrell told an NZX webinar. When Fonterra unveiled its new strategy last year it also announced it would be reviewing its capital structure. At the time “we announced we would remain a co-op - that’s not up for discussion,” said Hurrell...

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