News | Rural
6 Aug 2021 15:38
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  •   Home > News > Rural

    The country's largest company is about to make a major announcement on its capital structure

    The country's largest company is about to make a major announcement on its capital structure


    Fonterra
    Fonterra
    Fonterra has been in a trading halt since yesterday morning -- in anticipation of an announcement it's due to make before the start of today's trading.

    The trading halt will continue until tomorrow, so shareholders can consider the announcement.

    JMI Wealth director Andrew Kelleher says the farmer co-op structure has always restricted the company, and its ability to raise equity.

    He says farmers have control over the co-op and don't want to lose that control -- but the structure makes the company less flexible.

    © 2021 Newstalk ZB, NZCity

     Other Rural News
     05 Jul: Changes to how Fonterra calculates the price of milk
     28 Jun: Fonterra has agreed to sell its two joint venture farms in China
     25 Jun: The group representing the country's dairy farmers is reassured to see additional funding delivered for flood-affected farmers in Canterbury
     16 Jun: Dairy prices have dropped 1.3 percent, at Fonterra's latest Global Dairy Trade auction overnight
     26 May: Fonterra farmers believe this season's milk price won't budge much from a new midpoint of seven dollars and 55 cents
     06 May: Dairy farmers have six months to decide on a capital restructure for Fonterra
     05 May: Hopes Fonterra will streamline how farmers buy and sell units
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