Fonterra Co-operative Group Limited has announced the acquisition of ordinary shares under the on-market share buyback programme that was announced on 8 June 2022.
This is according to the FSM Rule 2.9.1 and section 65(2) of the Companies Act 1993.
For further information, contact Simon Till, Director of Capital Markets at +64 21 777807 or [email protected].
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The S&P/NZX 50 Index closed at 12,266.25, gaining 57.2 points or 0.47%.
Goldman Sach analysts have a 12-month target price of A$2.85 ($3.14).
An investment firm bought the stake, which included 116,145 hectares of forestry.
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