Govt signs off on treating Fonterra fund investors badly

Govt signs off on treating Fonterra fund investors badly
Agriculture minister Damien O'Connor said Fonterra's restructuring has "no human rights implications". (Image: NZ Herald)
Jenny Ruth
One aspect of the government’s decision to sign off on Fonterra’s capital restructuring that is particularly obnoxious is its endorsement of the dairy giant mistreating investors in the Fonterra Shareholders Fund.The misnamed fund is the bit of Fonterra that non-farmers can own, although farmers and former farmers do own about 56% of it – about 70% of the fund’s investors are retail investors, counting those farmers as retail.When Fonterra capped the fund in May last year, it accounted for just 6.7% of the company’...

More Primary Sector

Is a2 Milk eyeing up Synlait's Dunsandel?
Primary Sector

Is a2 Milk eyeing up Synlait's Dunsandel?

Forsyth Barr values the asset at $500m to $700m.

Synlait Milk raises forecast milk price by 25c
Primary Sector

Synlait Milk raises forecast milk price by 25c

The milk company said forecast confidence would improve.

Staff reporters 28 Nov 2023
Bremworth still not ruling out Napier plant rebuild
Primary Sector

Bremworth still not ruling out Napier plant rebuild

Bremworth is banking on its new international hybrid supply chain. 

Rebecca Howard 28 Nov 2023
All three coalition parties get rural ministers
Primary Sector

All three coalition parties get rural ministers

Todd McClay will be the agriculture minister.

Riley Kennedy 24 Nov 2023