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4 Jul 2022 4:58
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  •   Home > News > Rural

    Fonterra says it would prefer no government conditions on its capital restructure, but always knew there was going to be some give and take

    Fonterra says it would prefer no government conditions on its capital restructure, but always knew there was going to be some give and take


    Fonterra
    Fonterra
    The Government's approved the rejig but wants more scrutiny as to how milk prices are set, and independent market analysis of the share price given to farmer-owners.

    It also requires a financial institution to be involved in trading Fonterra's shares and units.

    The company's chief financial officer Marc Rivers says Fonterra is largely aligned with the Government.

    He says both want a highly performing dairy industry and a strong, successful and innovative Fonterra.

    © 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
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