Fonterra says nothing new behind share price slump

Thu, 04 Jul 2019

By Rebecca Howard July 5 (BusinessDesk) - Fonterra Cooperative Group chief financial officer Marc Rivers says there was nothing new behind yesterday's slump in both its farmer-owned shares the Shareholders' Fund units. “While the share price does not impact the co-op’s balance sheet or our ability to operate and pay our bills, it does impact our farmers’ balance sheets,” he said in a statement to the NZX. The farmer-owned shares yesterday dropped 6.4 percent to a record low $3.51 on a volume of 529,000, compared to their 90-day average...

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