Fonterra Co-operative Group Limited has announced a share buyback programme, allocating up to $50 million for an on-market buyback expected to commence in late August 2023.
CEO Miles Hurrell said the buyback is part of Fonterra's ongoing capital management programme and is expected to operate for up to 12 months, with a maximum of 77 million Co-operative Shares able to be acquired.
Further details of the buyback will be provided next month.
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