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

Fonterra Co-op Council's chair stands by $3b independent valuation
(Image: NZME)
Riley Kennedy
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...

More Primary Sector

Zespri raises profit guidance, fruit forecasts
Primary Sector

Zespri raises profit guidance, fruit forecasts

Growers are voting on expanding the co-op's overseas supply.

Mānuka Health returns to profit
Primary Sector

Mānuka Health returns to profit

The mānuka honey company reported an NPAT of $4m for the 2024 year.