News | Rural
10 Aug 2022 21:00
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   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.

    © 2022 Newstalk ZB, NZCity

     Other Rural News
     24 Jun: Farmers says a stock control bylaw being proposed by the Tasman District Council, will be impossible for farmers to comply with
     23 Jun: Fonterra has lifted its Farmgate Milk Price to a new record high
     22 Jun: Dairy prices have dipped 1.3 percent at the latest Global Dairy Trade auction overnight
     17 Jun: Fertiliser co-operative Ballance say they are beginning to produce their own fertiliser
     08 Jun: Fonterra is buying back 50 million dollars' worth of its own shares
     08 Jun: Fonterra has announced a 50-million dollar share buyback
     08 Jun: Dairy prices have risen in the first Global Dairy Trade auction of the new season
     Top Stories

    RUGBY RUGBY
    All Blacks captain Sam Cane is defending his side's opening defeat to the Springboks as they prepare for the second test on Sunday morning at Ellis Park More...


    BUSINESS BUSINESS
    A new vision for Kiwi tourism More...



     Today's News

    Entertainment:
    Olivia Newton-John admitted she was never able to "find peace" after her on-off boyfriend vanished at sea 20:49

    Entertainment:
    Kim Kardashian was "upset" by Kanye West's reaction to her split from Pete Davidson 20:19

    Politics:
    Japanese Prime Minister Fumio Kishida reshuffles cabinet amid growing concerns over controversial Unification Church ties 20:09

    Entertainment:
    Simon Cowell has "learned to take every day as it is" following the death of 'America's Got Talent' contestant Nolan Neal Seals 19:49

    Law and Order:
    An ongoing search for a 60-year-old man missing in the Waikanae area since yesterday 19:29

    Entertainment:
    Kylie Jenner and Travis Scott have "mastered being together" 19:19

    Cricket:
    Trent Boult still wants to play for New Zealand when he can 18:59

    Entertainment:
    Japanese fashion designer icon Issey Miyake has died aged 84 18:49

    Basketball:
    The Auckland Tuatara coach is relishing having Kirk Penney in the side 18:39

    Entertainment:
    Olivia Newton-John "didn't jump at the offer" to do 'Grease' 18:19


     News Search






    Power Search


    © 2022 New Zealand City Ltd