Shorn Fonterra likely to keep ingredients business - Jarden

Tue, 18 Jun 2019

By Rebecca Howard June 18 (BusinessDesk) - Fonterra Cooperative Group needs to present a coherent investment case for the surviving business challenged by volatile earnings and limited New Zealand milk supply growth, according to Jarden analysts. Last month, Fonterra added two wholly-owned farm-hubs in China and its stake in the Dairy Partners Americas (DPA) Brazil joint venture to the asset sale programme it has embarked on in an effort to trim $800 million of debt from its balance sheet. Jarden research analyst Arie Dekker - who ha...

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