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

Potential Mainland buyers may soon tap regulators
Primary Sector

Potential Mainland buyers may soon tap regulators

Fonterra's divestment process is gaining traction.

Riley Kennedy 17 Apr 2025
TTR files fast-track application to mine Taranaki sand
Primary Sector

TTR files fast-track application to mine Taranaki sand

Seabed mining firm Trans-Tasman Resources has lodged its application to fast-track its project to harvest iron sands off the coast of Taranaki. The firm's parent company, Manuka Resources, told the Australian Securities Exchange (NZX) on Wednesday that the application was lod...

Staff reporters 16 Apr 2025
Scott Technology's revenue drops 14%
Primary Sector

Scott Technology's revenue drops 14%

Its long term strategy is not far away.

Riley Kennedy 16 Apr 2025