Primary Sector
Explore the latest primary industry news by BusinessDesk.
Primary Sector
Ofer Global Group lifts takeover bid for NZOG by 19% to 74 cents
Ofer Global Group has lifted its offer for minority holders of New Zealand Oil & Gas by 12 cents to 74 cents a share. Yesterday, the New Zealand Shareholders’ Association said the initial offer of 62 cents was “opportunistic” and that it would oppose the deal. Independent appr...
Primary Sector
Mercury CEO Whineray to leave next year for senior Fonterra role
Mercury NZ chief executive Fraser Whineray will leave the electricity sector next year to take a senior role at Fonterra Cooperative Group. Whineray will finish at Mercury in 2020 to become chief operating officer at Fonterra. He has been with the electricity generator-retail...
Primary Sector
Fonterra units, shares up 24% since new strategy unveiled
Farmer-owned Fonterra Cooperative Group shares and units in the Fonterra Shareholders Fund have gained about 24 percent since the beleaguered cooperative unveiled its new strategy at the end of September. The units were last up 6.6 percent at $4.03 while the farmer-owned share...
Primary Sector
Fonterra looking to lift China's importance in new strategy
Fonterra Cooperative Group is looking to elevate the importance of China, it’s leading market, as part of its new strategy. The cooperative announced plans to bring together the consumer and food service and ingredients businesses into one Greater China business as it presente...
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Riley Kennedy
Senior Journalist
Riley Kennedy joined BusinessDesk in 2022 and covers New Zealand’s primary sector, with a focus on the country’s agribusinesses and the broader food and fibre economy. He won the DairyNZ Industry Award at the NZ Guild of Agricultural Journalists and Communicators Awards in 2024, and was named Emerging Journalist of the Year by the New Zealand Shareholders Association in 2022. Riley previously worked as a business specialist at the Otago Daily Times and holds a diploma in journalism from Wintec.
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