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

    Dairy farmers have six months to decide on a capital restructure for Fonterra

    Dairy farmers have six months to decide on a capital restructure for Fonterra


    Fonterra
    Fonterra
    Options include buying back the Fonterra Shareholders' Fund, which has been capped in the meantime.

    The co-op's chief financial officer, Marc Rivers, says the board will get feedback from farmers around the country from next week.

    He says the aim is to decide on a preferred option that can be voted on at the Annual General Meeting in November.

    Any restructure would require 75 percent support from farmers and unit holders and need a law change.

    © 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
     05 May: Hopes Fonterra will streamline how farmers buy and sell units
     05 May: The country's largest company is about to make a major announcement on its capital structure
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