What is Fonterra trying to do and why?

Fri, 04 Jun 2021

The days of the beleaguered Fonterra shareholders’ fund are numbered if the dairy giant’s board has its way.The board has kicked off consultation on a new proposed capital structure that would see the fund capped or killed, an abrupt turnaround from nine years ago when it was created. So why are they doing this and how would the board’s preferred option actually work? “The problem we are trying to solve is two-fold,” chief financial officer Marc Rivers told BusinessDesk.“First and foremost, it's...

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