Fonterra says new capital structure working well

Fonterra chief financial officer Neil Beaumont is feeling bullish. (Image: Fonterra)

Fri, 26 May 2023

Fonterra’s new capital structure kicked off two months ago and the dairy co-op says it's working well so far.“There is a good balance of buyers and sellers on any given day and good price discovery happening,” chief financial officer Neal Beaumont told BusinessDesk.“It’s early days but that’s how we are seeing it function so far, which is good.”Importantly, Beaumont said Fonterra has not had to provide much liquidity support. Fonterra had allocated up to $300 million for a package of measures a...

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