Govt backs Fonterra's move to new capital structure

Agriculture minister greenlights Fonterra changes. (Image: Getty)

Wed, 27 Apr 2022

Fonterra co-operative’s new capital structure has a green light from the government with some caveats.“The government intends to amend the Dairy Industry Restructuring Act 2001 (DIRA) to support Fonterra’s move to a new capital structure,” said agriculture minister Damien O’Connor.Fonterra’s shareholding farmers voted in December for a capital restructuring of the co-operative, which was formed through enabling legislation in 2001.The new capital structure creates more flexibility for farmers and creates an e...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Markets Market Close

NZ stocks claw back lost ground to end up 0.8%

A gain in Ebos and expectations of lower interest rates have boosted NZ stocks.

Jamie Gray 6:18pm

Finance

FMA gets eligible investor certification clarity

High Court Justice Sally Fitzgerald released a 45-page judgment on Thursday.

Staff reporters 5:00pm

FMA gets eligible investor certification clarity

Markets

Major stock moves expected as index reshuffles hit markets

Analysts are anticipating the week will end with significant volume and volatility.

Gregor Thompson 2:51pm

Major stock moves expected as index reshuffles hit markets

Sponsored

Future leaders start by Dreaming Big

How OnBeingBold empowers Year 13 girls at free leadership events.

OnBeingBold

Sponsored

Free AI training blitz targets 10,000 Kiwis

Workshops aim to close NZ’s AI skills gap and boost productivity – no tech skills required.

Sponsored by Lumify

More Primary Sector

Primary Sector

Co-ops last five times longer than limited liability companies - report

Riley Kennedy 9:30am

Primary Sector

Without Dawn Meats, Alliance faces 'real’ threat of collapse

The fate of the deal will come down to a shareholder vote next month.

Riley Kennedy 5:00am

Primary Sector

Dawn Meats offer for Alliance above independent valuation

A vote will be held next month.

Riley Kennedy 18 Sep 2025

Primary Sector

MyFarm KiwiFruit Fund launches $35 million capital raise

The MyFarm KiwiFruit Fund has launched a $35 million capital raise for wholesale and institutional investors, and those offshore that qualify for the Active Investor Plus visa.Units are being offered at $1.02, a 5% discount to the fund’s net asset value.The offer, which will clos...

Rebecca Howard 18 Sep 2025

Govt backs Fonterra's move to new capital structure

More Primary Sector

Your company has a subscription

Team