The milk company has seen revenue fall away due to covid constraints on its informal sales channels, but is more upbeat about its English label infant milk formula.
Jarden is expecting an initial dividend in FY22 and says the next phase will require equity.
Lancorp Farming is borrowing $85m from Westpac Bank in sustainability-linked loan.
If it pans out, Fonterra's new $8.40 midpoint is equal to the highest farmgate milk price paid by the cooperative.
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articles by Riley