What is Fonterra trying to do and why?

What is Fonterra trying to do and why?
Rebecca Howard
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...

More Primary Sector

MyFarm KiwiFruit Fund launches $35 million capital raise
Primary Sector

MyFarm KiwiFruit Fund launches $35 million capital raise

The MyFarm KiwiFruit Fund has launched a $35 million capital raise for wholesale and institutional investors, and those offshore that qualify for the Active Investor Plus visa.Units are being offered at $1.02, a 5% discount to the fund’s net asset value.The offer, which will clos...

Rebecca Howard 18 Sep 2025
TTR seabed mining bid not affected by law change
Primary Sector

TTR seabed mining bid not affected by law change

No-go zones will not apply to controversial mining bid.

Ian Llewellyn 18 Sep 2025
Govt to change offshore renewable regime
Primary Sector

Govt to change offshore renewable regime

No-go zones for seabed mining proposed.

Ian Llewellyn 17 Sep 2025