Too soon for Fonterra capital structure review, shareholders say

Too soon for Fonterra capital structure review, shareholders say
Rebecca Howard
By Rebecca Howard Sept. 4 (BusinessDesk) - Fonterra Cooperative Group is reviewing its capital structure but some shareholders argue it’s too soon given the challenges the group is facing. “It is far too early for the company to be considering," major shareholder Colin Armer said. "They have a pile of stuff they’ve got to get sorted out and capital structure is just a distraction.”  A Fonterra spokesperson confirmed a sub-committee has been set up to "review the capital structure” but offered no further detail on who is on the committe...

More Primary Sector

Zespri on track for 'moderate increase' in volume next year
Primary Sector

Zespri on track for 'moderate increase' in volume next year

Zespri's producer vote to expand global supply passed this week.

Yashili NZ revenue dropped 42%
Primary Sector

Yashili NZ revenue dropped 42%

The Chinese-owned dairy processor’s accounts were due in May.

Zespri growers vote in favour of expanding global supply
Primary Sector

Zespri growers vote in favour of expanding global supply

Zespri’s growers have voted to support the expansion of the kiwifruit marketer’s global supply.A total of 90.6% of voting growers and 93.3% by fruit weight voted in favour of the resolution, which will allocate up to 420 hectares of SunGold fruit per year over six years in Italy,...

Riley Kennedy 11 Dec 2024
Greyhound racing to end
Primary Sector

Greyhound racing to end

Winston Peters says it will be phased out over 20 months.

Riley Kennedy 10 Dec 2024