Fonterra Co-op Council's chair stands by $3b independent valuation

(Image: NZME)

Fri, 15 Nov 2024

Fonterra Co-operative Council’s chair, John Stevenson, has stood by the $3 billion independent valuation of the dairy giant’s consumer business.The co-op held its annual meeting in New Plymouth on Thursday, having earlier this week confirmed it will press ahead with the sale of its consumer business – as well as Fonterra Oceania and Fonterra Sri Lanka – either through a trade sale or initial public offering (IPO).It first announced the proposal back in May and has since been undertaking a scoping study.Thursday’s m...

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