Fonterra wants new capital structure in place by June

The government says its committed to supporting Fonterra's success. (Image: Getty)

Thu, 20 Jan 2022

The big-ticket item on Fonterra’s agenda in 2022 is the capital structure reform and agriculture minister Damien O’Connor expects to be taking final advice to cabinet in the first half of the year. Farmer shareholders backed the plan with 85.16% support at the annual general meeting in December even though O’Connor had said he couldn't back it as it stood.For his part, Fonterra chair Peter McBride told BusinessDesk the co-operative was aiming to implement the new capital structure “as soon as possible from the b...

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