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...

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